Paragon Banking Group (PAG)

Sector:

Financials

Index:

FTSE 250

707.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 723.00
  • 52 Week Low: 443.60
  • Currency: UK Pounds
  • Shares Issued: 211.69m
  • Volume: 271,128
  • Market Cap: £1,496.61m
  • 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 707.00p
Change Today -2.00p
% Change -0.28 %
52 Week High 723.00
52 Week Low 443.60
Volume 271,128
Shares Issued 211.69m
Market Cap £1,496.61m
RiskGrade 172

PAG Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.17% above the market average71.17% above the market average71.17% above the market average71.17% above the market average71.17% above the market average
5.56% above the sector average5.56% above the sector average5.56% above the sector average5.56% above the sector average5.56% above the sector average
Price Trend
93.55% above the market average93.55% above the market average93.55% above the market average93.55% above the market average93.55% above the market average
94.83% above the sector average94.83% above the sector average94.83% above the sector average94.83% above the sector average94.83% above the sector average
Income
85.43% above the market average85.43% above the market average85.43% above the market average85.43% above the market average85.43% above the market average
52.24% above the sector average52.24% above the sector average52.24% above the sector average52.24% above the sector average52.24% above the sector average
Growth
35.89% above the market average35.89% above the market average35.89% above the market average35.89% above the market average35.89% above the market average
35.78% above the sector average35.78% above the sector average35.78% above the sector average35.78% above the sector average35.78% 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 03-May-2024

Time Volume / Share Price
16:35 82,919 @ 707.00p
16:35 313 @ 707.00p
16:35 28 @ 707.00p
16:35 56 @ 707.00p
16:35 968 @ 707.00p

PAG Key Personnel

CEO Nigel S Terrington
CFO Richard Woodman

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