Could Paragon Group of Companies PLC Decline After Today’s Huge Increase?

 Could Paragon Group of Companies PLC Decline After Today's Huge Increase?

The stock of Paragon Group of Companies PLC (LON:PAG) is a huge mover today! The stock increased 2.35% or GBX 8.5 on November 23, hitting GBX 370.5. About 1.68M shares traded hands or 150.88% up from the average. Paragon Group of Companies PLC (LON:PAG) has risen 19.47% since April 25, 2016 and is uptrending. It has outperformed by 14.14% the S&P500.
The move comes after 5 months positive chart setup for the GBX 1.05 billion company. It was reported on Nov, 23 by Barchart.com. We have GBX 392.73 PT which if reached, will make LON:PAG worth GBX 63.00M more.

Paragon Group of Companies PLC (LON:PAG) Ratings Coverage

Out of 11 analysts covering Paragon Group of Companies The PLC (LON:PAG), 7 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 64% are positive. GBX 536 is the highest target while GBX 230 is the lowest. The GBX 382.80 average target is 3.32% above today’s (GBX 370.5) stock price. Paragon Group of Companies The PLC has been the topic of 73 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was maintained by JP Morgan with “Overweight” on Wednesday, November 25. The rating was downgraded by JP Morgan to “Underweight” on Wednesday, June 29. The stock of Paragon Group of Companies PLC (LON:PAG) earned “Buy” rating by Peel Hunt on Tuesday, May 24. On Thursday, September 17 the stock rating was maintained by Barclays Capital with “Overweight”. Macquarie Research maintained the stock with “Outperform” rating in Wednesday, October 7 report. As per Monday, October 5, the company rating was maintained by JP Morgan. The stock of Paragon Group of Companies PLC (LON:PAG) earned “Equal Weight” rating by Barclays Capital on Tuesday, August 16. The rating was maintained by Barclays Capital on Monday, October 5 with “Overweight”. UBS maintained the stock with “Buy” rating in Thursday, November 19 report. The rating was maintained by Shore Capital on Friday, November 20 with “Buy”.

The Paragon Group of Companies PLC is engaged in specialist financial services business. The company has a market cap of 1.05 billion GBP. The Firm operates as an independent buy-to-let lender, and as a debt purchaser through its Idem Capital division, where it purchases, co-manages and services secured and unsecured consumer loan portfolios. It has a 9.83 P/E ratio. The Company’s operating divisions include Paragon Mortgages, Idem Capital and Paragon Bank.

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