You are here

Prices & Quotes - UK Markets - Paragon Banking Group (PAG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 552.50p
Change Today:
4.50p
Market Cap:
1,400.13m
Sector:
Financial Services

Jefferies highlights Paragon Banking's 'strong' capital position and more diverse funding

By Alexander Bueso

Date: Tuesday 26 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Jefferies reiterated its 'buy' recommendation on shares of Paragon Banking Group, highlighting the "flexibility and robustness" of the lender's capital position and forecasting continued expansion in its net interest margins and loan book growth.
Nonetheless, the broker was anticipating continued political and economic uncertainty in 2020.

Paragon's common equity tier-one capital ratio declined from 13.8% to 13.7% during the past financial year, but both its CET1 and total capital ratio remained "well in excess of requirements", the broker said.

Furthermore, the non-cash nature of the items that dragged down its capital ratios and the fact that the fair value movements would be profit-neutral over time, had led management to hike the full-year dividend payout by 9.3% to 21.2p (Jefferies: 20.5p).

Over the latest 12-month stretch, Paragon had also further diversified its funding via both retail and wholesale channels while boosting its new lending via its higher-yield commercial segment and the group's impairments remained "low".

Jefferies analyst Julian Roberts had a 680.0p target price on the lender's shares.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PAG Market Data

Currency UK Pounds
Price 552.50p
Change Today 4.50p
52 Week High 569.50p
52 Week Low 294.00p
Volume 290,693
Shares Issued 253.42m
Market Cap 1,400.13m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Growth
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
EPS Growth
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector

What The Brokers Say

Strong Buy 9
Buy 0
Neutral 4
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PAG Dividends

  Latest Previous
  Interim Final
Ex-Div 01-Jul-21 28-Jan-21
Paid 23-Jul-21 26-Feb-21
Amount 7.20p 14.40p

Trades for 30-Jul-2021

Time Volume / Share Price
16:35 80,322 @ 552.50p
16:29 45 @ 554.00p
16:29 58 @ 554.00p
16:28 157 @ 554.00p
16:28 41 @ 554.00p

PAG Key Personnel

CEO Nigel S Terrington
CFO Richard Woodman
Chair Fiona Clutterbuck