Paragon Banking Group (PAG)

Sector:

Financials

Index:

FTSE 250

690.50p
   
  • Change Today:
      16.00p
  • 52 Week High: 723.00
  • 52 Week Low: 443.60
  • Currency: UK Pounds
  • Shares Issued: 213.19m
  • Volume: 406,340
  • Market Cap: £1,472.10m
  • RiskGrade: 172

RBC Capital Markets raises target price on Paragon Banking

By Iain Gilbert

Date: Monday 20 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Analysts at RBC Capital Markets raised their target price on specialist finance provider Paragon Banking Group from 560.0p to 600.0p on Monday following the firm's first-half results.
RBC Capital Markets said its full-year adjusted pre-tax profits estimates for Paragon increased by 4%, driven largely by higher net interest income from higher-than-expected rates and lower-than-expected deposit betas, partially offset by higher costs and cost of risk.

The Canadian bank also stated that on a divisional basis, the increase in its full-year pre-tax profit estimates was driven by Paragon's mortgages and commercial divisions.

"Our model now reflects PAG's upgraded NIM guidance for FY22 (NIM expansion in FY22 greater than 20bps, RBCe: +23bps). We also include higher lending volumes in FY22 following upgraded company guidance (RBCe loan growth of 8% 22/21). Our FY23E reported RoTE of 15.0% compares to PAG's guidance of medium-term RoTE above 15%," said the analysts.

RBC also reiterated its 'sector perform' rating on Paragon.



Reporting by Iain Gilbert at Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PAG Market Data

Currency UK Pounds
Share Price 690.50p
Change Today 16.00p
% Change 2.37 %
52 Week High 723.00
52 Week Low 443.60
Volume 406,340
Shares Issued 213.19m
Market Cap £1,472.10m
RiskGrade 172

PAG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
69.84% above the market average69.84% above the market average69.84% above the market average69.84% above the market average69.84% above the market average
18.10% above the sector average18.10% above the sector average18.10% above the sector average18.10% above the sector average18.10% above the sector average
Price Trend
91.31% above the market average91.31% above the market average91.31% above the market average91.31% above the market average91.31% above the market average
91.38% above the sector average91.38% above the sector average91.38% above the sector average91.38% above the sector average91.38% above the sector average
Income
87.64% above the market average87.64% above the market average87.64% above the market average87.64% above the market average87.64% above the market average
57.58% above the sector average57.58% above the sector average57.58% above the sector average57.58% above the sector average57.58% above the sector average
Growth
28.84% above the market average28.84% above the market average28.84% above the market average28.84% above the market average28.84% above the market average
38.89% above the sector average38.89% above the sector average38.89% above the sector average38.89% above the sector average38.89% above the sector average

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 3
Sell 0
Strong Sell 0
Total 10
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 Interim
Ex-Div 01-Feb-24 06-Jul-23
Paid 08-Mar-24 28-Jul-23
Amount 26.40p 11.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 168,287 @ 690.50p
16:35 23 @ 690.50p
16:35 537 @ 690.50p
16:35 613 @ 690.50p
16:35 560 @ 690.50p

PAG Key Personnel

CEO Nigel S Terrington
CFO Richard Woodman

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