Paragon Banking Group Receives 'Buy' Rating from Royal Bank Of Canada with GBX 1,050 Price Target

Paragon Banking Group (LON:PAG) has been reaffirmed as a 'buy' by analysts at Royal Bank Of Canada, who set a price objective of GBX 1,050. This represents a potential upside of 23.02% from the stock's previous close.

The bank's price target suggests that Paragon Banking Group's shares could increase in value over time. The company has been performing well in recent quarters, with revenue of £259.20 million and net margin of 14.98% in its latest earnings report.

The stock buyback plan announced by the company on July 6th may also contribute to increased investor confidence. This move suggests that Paragon Banking Group's management believes its shares are undervalued, making them a good investment opportunity.