Paragon Banking Group (PAG)

Sector:

Financials

Index:

FTSE 250

698.00p
   
  • Change Today:
      8.00p
  • 52 Week High: 723.00
  • 52 Week Low: 443.60
  • Currency: UK Pounds
  • Shares Issued: 211.82m
  • Volume: 293,590
  • Market Cap: £1,478.50m
  • RiskGrade: 172

RBC Capital upgrades Paragon Banking Group

By Michele Maatouk

Date: Wednesday 13 Dec 2023

LONDON (ShareCast) - (Sharecast News) - RBC Capital Markets upgraded Paragon Banking Group on Wednesday to 'outperform' from 'sector perform' and hiked the price target to 850p from 700p.
"One of our key takeaways from this reporting season was that we had underappreciated the quality of PAG," it said.

"In our view, the bank has irresistible momentum going into next year."

RBC said operating trends are "impressive", and there are potential catalysts from a softening of Basel 3.1 and IRB approval.

"Do we prefer PAG or One Savings Bank here? It's a tough call, as OSB's valuation is more depressed, but PAG seems like the cleaner story going into 2024," it added.

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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 698.00p
Change Today 8.00p
% Change 1.16 %
52 Week High 723.00
52 Week Low 443.60
Volume 293,590
Shares Issued 211.82m
Market Cap £1,478.50m
RiskGrade 172

PAG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
73.60% above the market average73.60% above the market average73.60% above the market average73.60% above the market average73.60% above the market average
15.89% above the sector average15.89% above the sector average15.89% above the sector average15.89% above the sector average15.89% above the sector average
Price Trend
91.73% above the market average91.73% above the market average91.73% above the market average91.73% above the market average91.73% 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
87.23% above the market average87.23% above the market average87.23% above the market average87.23% above the market average87.23% above the market average
51.52% above the sector average51.52% above the sector average51.52% above the sector average51.52% above the sector average51.52% above the sector average
Growth
33.90% above the market average33.90% above the market average33.90% above the market average33.90% above the market average33.90% 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 26-Apr-2024

Time Volume / Share Price
16:36 20,000 @ 698.00p
16:35 93,025 @ 698.00p
16:35 348 @ 698.00p
16:35 605 @ 698.00p
16:35 974 @ 698.00p

PAG Key Personnel

CEO Nigel S Terrington
CFO Richard Woodman

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