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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 449.00p
Change Today:
-1.00p
Market Cap:
1,152.61m
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%.

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PAG Market Data

Currency UK Pounds
Price 449.00p
Change Today -1.00p
52 Week High 493.60p
52 Week Low 238.60p
Volume 631,370
Shares Issued 256.71m
Market Cap 1,152.61m
Beta 0.02

Performance Indicators

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Operating Margin
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What The Brokers Say

Strong Buy 9
Buy 1
Neutral 3
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
  Final Final
Ex-Div 28-Jan-21 09-Jan-20
Paid 26-Feb-21 17-Feb-20
Amount 14.40p 14.20p

Trades for 26-Feb-2021

Time Volume / Share Price
16:35 335,192 @ 449.00p
16:29 4 @ 451.20p
16:29 40 @ 452.00p
16:29 182 @ 451.60p
16:29 300 @ 451.00p

PAG Key Personnel

CEO Nigel S Terrington
CFO Richard Woodman
Chair Fiona Clutterbuck