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The latest update is out from Paragon Banking Group PLC ( (GB:PAG) ).
Paragon Banking Group PLC announced the purchase of 136,576 of its ordinary shares as part of a £50 million share buyback program. This move is part of the company’s strategy to enhance shareholder value and optimize its capital structure, reflecting confidence in its financial stability and future prospects.
The most recent analyst rating on (GB:PAG) stock is a Buy with a £1050.00 price target. To see the full list of analyst forecasts on Paragon Banking Group PLC stock, see the GB:PAG Stock Forecast page.
Spark’s Take on GB:PAG Stock
According to Spark, TipRanks’ AI Analyst, GB:PAG is a Outperform.
Paragon Banking Group PLC’s strong financial performance, characterized by high profitability and robust cash flow, is the most significant factor driving the stock score. The valuation is favorable with a low P/E ratio and high dividend yield. However, technical indicators suggest bearish momentum, which tempers the overall score.
To see Spark’s full report on GB:PAG stock, click here.
More about Paragon Banking Group PLC
Paragon Banking Group PLC operates in the financial services industry, focusing on banking and lending services. The company is involved in providing a range of financial products, including mortgages, loans, and savings accounts, primarily targeting the UK market.
Average Trading Volume: 429,985
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.55B
For an in-depth examination of PAG stock, go to TipRanks’ Overview page.