Paragon Banking Group (LON:PAG) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Paragon Banking Group PLC (LON:PAG)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 747.96 ($9.71) and traded as high as GBX 754.50 ($9.80). Paragon Banking Group shares last traded at GBX 750 ($9.74), with a volume of 243,895 shares trading hands.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reissued an “outperform” rating and set a GBX 875 ($11.36) target price on shares of Paragon Banking Group in a research note on Wednesday, July 31st.

Paragon Banking Group Trading Up 0.9 %

The company’s 50 day moving average price is GBX 761.19 and its 200 day moving average price is GBX 747.96. The company has a market cap of £1.52 billion, a price-to-earnings ratio of 1,136.36, a price-to-earnings-growth ratio of 0.50 and a beta of 1.52. The company has a debt-to-equity ratio of 168.79, a quick ratio of 1.48 and a current ratio of 1.21.

Insider Activity at Paragon Banking Group

In related news, insider Nigel S. Terrington purchased 3,248 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were bought at an average cost of GBX 774 ($10.05) per share, for a total transaction of £25,139.52 ($32,640.25). In other Paragon Banking Group news, insider Hugo Tudor sold 13,000 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of GBX 754 ($9.79), for a total value of £98,020 ($127,265.65). Also, insider Nigel S. Terrington acquired 3,248 shares of the stock in a transaction on Friday, September 27th. The stock was bought at an average price of GBX 774 ($10.05) per share, with a total value of £25,139.52 ($32,640.25). 3.59% of the stock is currently owned by company insiders.

About Paragon Banking Group

Paragon Banking Group PLC provides financial products and services in the United Kingdom. It operates in two segments, Mortgage Lending and Commercial Lending. The Mortgage Lending segment offers buy-to-let mortgages, as well as includes owner-occupied first and second charge mortgages. The Commercial Lending segment comprises SME lending, such as hire purchase, and finance and operating leases; and provides development finance, motor finance, structured lending, and other products.