Paragon Banking Group (LON:PAG) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Paragon Banking Group PLC (LON:PAG)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 744.96 ($9.73) and traded as high as GBX 771.50 ($10.07). Paragon Banking Group shares last traded at GBX 770.50 ($10.06), with a volume of 492,843 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada restated an “outperform” rating and set a GBX 875 ($11.43) target price on shares of Paragon Banking Group in a research report on Wednesday, July 31st.

Paragon Banking Group Trading Up 0.9 %

The company has a debt-to-equity ratio of 168.79, a quick ratio of 1.48 and a current ratio of 1.21. The business has a fifty day simple moving average of GBX 761.56 and a 200 day simple moving average of GBX 745.31. The stock has a market cap of £1.52 billion, a price-to-earnings ratio of 1,131.06, a PEG ratio of 0.50 and a beta of 1.52.

Insider Activity

In related news, insider Nigel S. Terrington acquired 3,248 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was purchased at an average price of GBX 774 ($10.11) per share, for a total transaction of £25,139.52 ($32,827.79). In other Paragon Banking Group news, insider Hugo Tudor sold 13,000 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of GBX 754 ($9.85), for a total value of £98,020 ($127,996.87). Also, insider Nigel S. Terrington purchased 3,248 shares of Paragon Banking Group stock in a transaction on Friday, September 27th. The shares were acquired at an average cost of GBX 774 ($10.11) per share, for a total transaction of £25,139.52 ($32,827.79). Company insiders own 3.58% 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.