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Agree. Good set of results as expected. But why the drop in SP???
Thats a pretty good result
Paragon Group of Companies Plc reported a 9 percent increase in full-year pretax profit and raised its share buyback programme by up to 50 million pounds ($76 million) after extending it into 2016. The British buy-to-let mortgage lender said pretax profit rose to 134.2 million pounds for the year ended Sept. 30 from 122.8 million pounds a year earlier.
Look like an over reaction to FED minutes IMHO. Looking forward to results on Tuesday. GLA.
Ignore me,it was a UT
Massive sell there.Whats that all about?
SP moving north in anticipation of good results next Tuesday. GLA
24th November. Expect good results. They mentioned in the trading statement that pbt will be up 10%.
Due next week I think. More sells than buys but price well up. Maybe someone well informed about results ahead of announcement??
<b>Paragon Group of Companies PLC’s Buy Rating Reaffirmed at Canaccord Genuity (PAG) May 19th, 2015 updated May 22nd, 2015 - 0 comments - Filed Under - by Jennifer Langley</b> Canaccord Genuity reissued their buy rating on shares of Paragon Group of Companies PLC (LON:PAG) in a research report released on Tuesday morning. Canaccord Genuity currently has a GBX 495 ($7.79) price objective on the stock. Canaccord Genuity has also taken action a number of other stocks recently. The firm reiterated its buy rating on shares of Canadian Solar Inc.. Also, Canaccord Genuity reiterated its buy rating on shares of Brookfield Asset Management Inc.. They have a $41.00 price target on that stock, down previously from $62.00. Finally, Canaccord Genuity reiterated its buy rating on shares of Cardiome Pharma Corp. They have a $16.00 price target on that stock. Paragon Group of Companies PLC (LON:PAG) traded down 0.9556% on Tuesday, hitting GBX 445.7000. The stock had a trading volume of 815,656 shares. Paragon Group of Companies PLC has a 1-year low of GBX 313.7000 and a 1-year high of GBX 461.5000. The stock’s 50-day moving average is GBX 434.11 and its 200-day moving average is GBX 415.31. The company’s market cap is £1.36 billion. Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated a sector perform rating and set a GBX 440 ($6.92) price target on shares of Paragon Group of Companies PLC in a research note on Tuesday. Analysts at Panmure Gordon raised their price target on shares of Paragon Group of Companies PLC from GBX 500 ($7.87) to GBX 550 ($8.65) and gave the company a buy rating in a research note on Tuesday. Analysts at Shore Capital reiterated a buy rating on shares of Paragon Group of Companies PLC in a research note on Tuesday. Finally, analysts at Numis Securities Ltd reiterated a sell rating and set a GBX 297 ($4.67) price target on shares of Paragon Group of Companies PLC in a research note on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Paragon Group of Companies PLC presently has an average rating of Buy and a consensus price target of GBX 446.45 ($7.02). The Paragon Group of Companies PLC is an United Kingdom-based holding company, engaged in the first mortgage and consumer finance businesses. The Company operates in two business segments: First Mortgages and Consumer Finance. The revenue generated by the First Mortgages segment includes interest and fees generated by the buy-to-let and owner-occupied mortgage assets and other income derived from first charge mortgages.
<b>Paragon Group of Companies PLC Given New GBX 460 Price Target at RBC Capital (PAG) May 21st, 2015 • 0 comments • Filed Under • by ABMN Staff</b> Stock analysts at RBC Capital increased their price objective on shares of Paragon Group of Companies PLC (LON:PAG) from GBX 440 ($6.92) to GBX 460 ($7.24) in a report issued on Thursday. The firm currently has a “neutral” rating on the stock. RBC Capital’s price objective suggests a potential upside of 7.05% from the company’s current price. A number of other analysts have also recently weighed in on PAG. Analysts at Bank of America downgraded shares of Paragon Group of Companies PLC to a “neutral” rating and lowered their price target for the stock from GBX 500 ($7.87) to GBX 470 ($7.39) in a research note on Wednesday. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 465 ($7.31) price target on shares of Paragon Group of Companies PLC in a research note on Wednesday. Analysts at Barclays reiterated an “overweight” rating and set a GBX 500 ($7.87) price target on shares of Paragon Group of Companies PLC in a research note on Wednesday. Finally, analysts at Canaccord Genuity reiterated a “buy” rating and set a GBX 495 ($7.79) price target on shares of Paragon Group of Companies PLC in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of GBX 458.42 ($7.21). Shares of Paragon Group of Companies PLC (LON:PAG) traded down 0.56% on Thursday, hitting GBX 429.70. The stock had a trading volume of 610,369 shares. Paragon Group of Companies PLC has a one year low of GBX 313.70 and a one year high of GBX 461.50. The stock has a 50-day moving average of GBX 434. and a 200-day moving average of GBX 416.. The company’s market cap is £1.31 billion. The company also recently announced a dividend, which will be paid on Friday, July 24th. Investors of record on Thursday, July 2nd will be paid a dividend of GBX 3.60 ($0.06) per share. This represents a dividend yield of 0.81%. The ex-dividend date is Thursday, July 2nd. The Paragon Group of Companies PLC is an United Kingdom-based holding company, engaged in the first mortgage and consumer finance businesses. The Company operates in two business segments: First Mortgages and Consumer Finance. The revenue generated by the First Mortgages segment includes interest and fees generated by the buy-to-let and owner-occupied mortgage assets and other income derived from first charge mortgages.
Broker BUY Recos for PAG Paragon. 21 May 15 Liberum Capital Buy 435.80 - 560.00 Reiterates 21 May 15 RBC Capital Markets Sector Performer 435.80 440.00 460.00 Reiterates 20 May 15 Bank of America Merrill Lynch Neutral 435.80 500.00 470.00 Downgrades 20 May 15 Barclays Capital Overweight 435.80 - 500.00 Reiterates 20 May 15 JP Morgan Cazenove Overweight 435.80 465.00 465.00 Retains 19 May 15 Shore Capital Buy 435.80 - - Reiterates 19 May 15 Panmure Gordon Buy 435.80 500.00 550.00 Reiterates 19 May 15 Liberum Capital Buy 435.80 510.00 510.00 Reiterates
Solid results ! Numerous broker upgrades should push price up from here. GLA
Paragon Group of Companies (The) broker views Date Broker Recommendation Price Old target price New target price Notes 08 May Liberum Capital Buy 458.35 510.00 510.00 Reiterates 28 Apr RBC Capital Markets Sector Performer 458.35 450.00 440.00 Reiterates 17 Mar Canaccord Genuity Buy 458.35 495.00 495.00 Reiterates 26 Jan Barclays Capital Overweight 458.35 445.00 445.00 Reiterates
PAG breaks out......... http://uk.advfn.com/p.php?pid=staticchart&s=L%5EPAG&p=4&t=46
Back to an all-time high since 2008 collapse and still climbing. Company continues to buy own shares to put into treasury, so plenty of legs left in this. As announced in the November results the initial buy-back is intended to be £50m over a one year period so shares will continue to be mopped up for a good while yet.
Paragon Group of Companies (The) PLC Forward P/E of just over 10 to 2016 and PEG of 0.89, looks set for robust growth imo. Far too cheap. FORECASTS 2015 2016 Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Peel Hunt LLP 01-04-15 BUY 138.83 34.27 10.50 157.09 39.27 13.00 Panmure Gordon 01-04-15 BUY 35.70 11.50 42.10 13.50 Shore Capital 27-03-15 BUY 137.10 35.60 10.80 154.00 41.00 13.00 Canaccord Genuity Ltd 17-03-15 BUY 141.40 36.40 12.00 150.40 39.40 13.70 Numis Securities Ltd 22-01-15 SELL 139.60 37.30 10.80 150.50 40.70 12.50 Westhouse Securities 18-12-14 BUY 2015 2016 Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Consensus 139.12 35.94 11.07 151.60 40.23 13.16 1 Month Change -0.04 0.07 0.02 -0.78 -0.63 0.00 3 Month Change -0.08 0.04 0.02 -0.72 -0.63 0.14 GROWTH 2014 (A) 2015 (E) 2016 (E) Norm. EPS 8.83% 2.58% 11.92% DPS 13.04% 41.92% 18.92% INVESTMENT RATIOS 2014 (A) 2015 (E) 2016 (E) EBITDA £138.00m £143.00m £167.00m EBIT £135.10m £m £m Dividend Yield 1.82% 2.59% 3.08% Dividend Cover 4.49x 3.25x 3.06x <b>PER 12.20x 11.89x 10.63x PEG 1.38f 4.60f 0.89f</b> Net Asset Value PS 297.12p 331.00p 354.00p Definitions Disclaimer
PAG bouncing of it uptrend channel base line. Looks rather positive. Paragon Group of Companies (The) broker views Date Broker Recommendation Price Old target price New target price Notes 17 Mar Canaccord Genuity Buy 427.25 495.00 495.00 Reiterates 09 Feb Liberum Capital Buy 427.25 442.00 510.00 Reiterates 26 Jan Barclays Capital Overweight 427.25 445.00 445.00 Reiterates
And here I find you again, Mick, interested in the same companies as me. Yes I'm tempted to pick up some PAG at these levels. I've followed them for a long time. Today I think perhaps they're over-reacting to risk of higher interest rates. I'm greedy would like to see 410 or below to buy.
PAG Present Broker Views..... Date Broker Recommendation Price Old target price New target price Notes 09 Feb Liberum Capital Buy 425.80 442.00 510.00 Reiterates 26 Jan Barclays Capital Overweight 425.80 445.00 445.00 Reiterates 22 Jan Numis Sell 425.80 289.00 289.00 Reiterates 22 Jan JP Morgan Cazenove Overweight 425.80 465.00 465.00 Retains 22 Jan Panmure Gordon Buy 425.80 500.00 500.00 Reiterates
Every day this week & 3 days last week PAG have bought their own shares, a great policy to get them while they're cheap & reduce the availability thus ultimately leading to SP rise. PAG said they would do it at their last trading update & true to their word. Great company moving upwards & onwards.
<b>PAG looks way too cheap on a forward P/E of just 10.6 and a PEG of 0.77 to 2016.</b> Paragon Group of Companies (The) PLC FORECASTS 2015 2016 Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Panmure Gordon 17-02-15 BUY 35.70 11.50 42.10 13.50 Peel Hunt LLP 16-02-15 BUY 138.83 34.27 10.50 157.09 39.27 13.00 Shore Capital 13-02-15 BUY 137.10 35.60 10.80 154.00 41.00 13.00 Numis Securities Ltd 22-01-15 SELL 139.60 37.30 10.80 150.50 40.70 12.50 Westhouse Securities 18-12-14 BUY 2015 2016 Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p) Consensus 139.17 35.88 11.05 152.33 40.86 13.17 1 Month Change -0.01 -0.01 0.01 0.05 0.01 0.00 3 Month Change -1.23 0.58 0.92 17.23 0.98 1.77 GROWTH 2014 (A) 2015 (E) 2016 (E) Norm. EPS 8.83% 2.40% 13.87% DPS 13.04% 41.67% 19.15% INVESTMENT RATIOS 2014 (A) 2015 (E) 2016 (E) EBITDA £138.00m £143.00m £167.00m EBIT £135.10m £m £m Dividend Yield 1.79% 2.54% 3.03% Dividend Cover 4.49x 3.25x 3.10x <b>PER 12.41x 12.12x 10.64x</b> PEG 1.41f 5.06f 0.77f
Brokers with a BUY rating on PAG...... Date Broker Rec. Price Old target price New target price Notes 09 Feb 15 Liberum Capital Buy 442.35 442.00 510.00 Reiterates 26 Jan 15 Barclays Capital Overweight 442.35 445.00 445.00 Reiterates 22 Jan 15 JP Morgan Cazenove Overweight 442.35 465.00 465.00 Retains 22 Jan 15 Panmure Gordon Buy 442.35 500.00 500.00 Reiterates 22 Jan 15 Liberum Capital Buy 442.35 442.00 442.00 Reiterates
PAG Paragon , looks to be a fantastic long term investment here going by the technicals. Resistance looks very mild medium to long term. Short Term Chart..... https://pbs.twimg.com/media/B-NFrrGIUAAEUXr.jpg Long Term Chart.... https://pbs.twimg.com/media/B-NFrreIUAAz3lS.jpg
Amino looks good but I will have to wait for cash in, before I buy any other shares, but I am happy with the ones I have. I am still intrigued by thecat2014 and his statement.