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  2. Share Prices
  3. Paragon Group Share Price
  4. Paragon Group Share News
  5. RBC Capital upgrades Paragon Banking Group

Pin to quick picksParagon Group Share News (PAG)

Paragon Group Information

Share Price Information for Paragon Group (PAG)

London Stock Exchange
Share Price is delayed by 15 minutes
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Share Price: 730.50
Bid: 725.00
Ask: 728.00
Change: 3.50 (0.48%)
Spread: 3.00 (0.414%)
Open: 727.50
High: 739.00
Low: 724.50
Prev. Close: 727.00
PAG Live PriceLast checked at -

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RBC Capital upgrades Paragon Banking Group

Wed, 13th Dec 2023 07:41

(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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Paragon Banking raises dividend by 10% as annual profit doubles

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