Paragon Group of Companies PLC’s (PAG) Underweight Rating Reaffirmed at JPMorgan Chase & Co.

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Paragon Group of Companies PLC (LON:PAG)‘s stock had its “underweight” rating reiterated by JPMorgan Chase & Co. in a research note issued on Monday. They currently have a GBX 230 ($3.06) target price on the stock. JPMorgan Chase & Co.’s price objective points to a potential downside of 29.77% from the company’s current price.
A number of other research analysts also recently commented on PAG. Royal Bank Of Canada lowered their target price on Paragon Group of Companies PLC from GBX 440 ($5.86) to GBX 385 ($5.13) and set a “sector performer” rating on the stock in a research note on Wednesday, June 1st. Barclays PLC restated an “equal weight” rating and issued a GBX 275 ($3.66) target price on shares of Paragon Group of Companies PLC in a research note on Monday, August 1st. Peel Hunt restated a “buy” rating and issued a GBX 500 ($6.66) target price on shares of Paragon Group of Companies PLC in a research note on Tuesday, May 24th. Jefferies Group lowered their target price on Paragon Group of Companies PLC from GBX 475 ($6.33) to GBX 400 ($5.33) and set a “buy” rating on the stock in a research note on Wednesday, July 13th. Finally, Shore Capital restated a “buy” rating on shares of Paragon Group of Companies PLC in a research note on Friday, July 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Paragon Group of Companies PLC currently has a consensus rating of “Buy” and a consensus target price of GBX 364.60 ($4.86).
Shares of Paragon Group of Companies PLC (LON:PAG) traded down 0.274054% on Monday, hitting GBX 327.554718. The stock had a trading volume of 415,557 shares. The stock’s market cap is GBX 928.28 million. The firm’s 50-day moving average is GBX 294.59 and its 200 day moving average is GBX 297.68. Paragon Group of Companies PLC has a 1-year low of GBX 225.10 and a 1-year high of GBX 448.30.

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In related news, insider Woodman,Richard sold 19,742 shares of the business’s stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of GBX 242 ($3.22), for a total transaction of £47,775.64 ($63,632.98). Also, insider Dench,Robert purchased 43,278 shares of the stock in a transaction that occurred on Tuesday, July 5th. The shares were purchased at an average price of GBX 231 ($3.08) per share, for a total transaction of £99,972.18 ($133,154.21).
Paragon Group of Companies PLC Company Profile
The Paragon Group of Companies PLC is a United Kingdom-based specialist lender of buy-to-let mortgages to professional landlords and residential property investors, as well as an active acquirer of loan assets and portfolios, and a loan servicing provider for third party clients. The Company operates in three business segments: Paragon Mortgages, Idem Capital and Paragon Bank.

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