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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:
Down 549.00p
Change Today:
-6.50p
Market Cap:
1,409.74m
Sector:
Financial Services

Canacord raises target price on Paragon Banking

By Iain Gilbert

Date: Monday 18 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Canaccord Genuity hiked their target price on diversified financials group Paragon from 454.0p to 548.0p on Monday, pointing to the company's "exemplary track record" in terms of asset quality and operating performance throughout economic cycles.
Canaccord, which also reiterated its 'buy' rating on the stock, stated Paragon's 2020 full-year results were illustrative of its historical performance and said while economic uncertainty remained "in the short term", it believes its outer year forecasts could be conservative in terms of new lending and net interest margin.

"Our previous forecasts were very cautiously struck under a severe economic scenario, which to date has not materialised due to ongoing government support measures for individuals and businesses," said the analysts, who upgraded their earnings per share forecasts for Paragon by 18% and 9% in 2021 and 2022, respectively.

The Canadian broker highlighted potential upside risk to its outer year return on tangible equity forecast of 12.4%, noting that Paragon's medium-term target remained 15%.

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 549.00p
Change Today -6.50p
52 Week High 569.50p
52 Week Low 294.00p
Volume 59,309
Shares Issued 256.78m
Market Cap 1,409.74m

Performance Indicators

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Operating Margin
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What The Brokers Say

Strong Buy 8
Buy 0
Neutral 4
Sell 0
Strong Sell 0
Total 12
strong_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 14-Jun-2021

Time Volume / Share Price
13:29 183 @ 549.00p
13:29 150 @ 549.50p
13:29 71 @ 549.50p
13:29 100 @ 549.50p
13:29 29 @ 549.50p

PAG Key Personnel

CEO Nigel S Terrington
CFO Richard Woodman
Chair Fiona Clutterbuck