Paragon Banking Group (LON:PAG) Stock Price Crosses Above 200-Day Moving Average of $733.64

Paragon Banking Group PLC (LON:PAG)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 733.64 ($9.69) and traded as high as GBX 769 ($10.16). Paragon Banking Group shares last traded at GBX 741 ($9.79), with a volume of 1,158,488 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 875 ($11.56) price target on shares of Paragon Banking Group in a research note on Wednesday, July 31st.

Paragon Banking Group Trading Down 2.4 %

The firm has a market cap of £1.52 billion, a price-to-earnings ratio of 1,122.73, a P/E/G ratio of 0.50 and a beta of 1.52. The firm’s 50-day moving average is GBX 764.66 and its 200-day moving average is GBX 734.14. The company has a current ratio of 1.21, a quick ratio of 1.48 and a debt-to-equity ratio of 168.79.

Insider Buying and Selling at Paragon Banking Group

In other news, insider Hugo Tudor sold 13,000 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of GBX 754 ($9.96), for a total transaction of £98,020 ($129,484.81). In related news, insider Nigel S. Terrington purchased 3,352 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was acquired at an average cost of GBX 750 ($9.91) per share, with a total value of £25,140 ($33,210.04). Also, insider Hugo Tudor sold 13,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of GBX 754 ($9.96), for a total value of £98,020 ($129,484.81). Insiders own 3.56% of the company’s stock.

Paragon Banking Group Company Profile

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.