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Home / Momentum / Paragon Banking PLC (PAG.L) 01-11-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Paragon Banking PLC (PAG.L) 01-11-19

Will Paragon Banking PLC (PAG.L) continue to rise?

 

  • Now trading at 504p (at time of writing), the share price momentum has been strong.
  • Is this trend your friend?
  • Could this appeal to momentum investors?
  • Whilst the trend has been strong, remember that past patterns are not necessarily an indication of the future.
  • Be mindful of new events and the influence they can have on price action. Check regularly for updates.
  • Shares -1% from 12-month highs; +32% from 12 month lows.

Latest News

29 Aug:  RBC Capital Markets has upgraded its rating on Paragon Banking Group PLc (PAG) to sector performer (from underperform) and increased the target price to 445p (from 400p).

19 Aug:  Peel Hunt reiterates its buy rating on Paragon Banking Group PLc (PAG) and increased the target price to 580p (from 485p).

23 Jul:  Paragon Banking Group, the specialist lender,  announced that the size of its mortgage and commercial lending books had continued to grow. Its net interest margins continued to improve.

20 Jun:  RBC Capital Markets has downgraded its rating on Paragon Banking Group PLc (PAG) to underperform (from sector performer) and reduced the target price to 410p  (from 440p).

22 May:  Paragon Banking Group posted an 8.7% growth in underlying H1 profit on improved income.  Profit for the year fell to £72.0m, declining from £77.2m.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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