November 23, 2016 - By Clifton Ray
Stock analysts at Numis have GBX 298.00 target price on Paragon Group of Companies The PLC (LON:PAG). Numis’s target price indicates a potential downside of -19.94% from the company’s current price. The rating was revealed in a report on 23 November.
Out of 11 analysts covering Paragon Group of Companies The PLC (LON:PAG), 8 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 73% are positive. GBX 536 is the highest target while GBX 230 is the lowest. The GBX 382.80 average target is 2.96% above today’s (GBX 371.8) stock price. Paragon Group of Companies The PLC has been the topic of 71 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm has “Equal Weight” rating by Barclays Capital given on Thursday, June 16. The company was maintained on Tuesday, October 4 by Barclays Capital. The stock has “Buy” rating given by Shore Capital on Wednesday, July 29. The stock of Paragon Group of Companies PLC (LON:PAG) earned “Buy” rating by Numis Securities on Tuesday, May 24. Peel Hunt maintained the stock with “Buy” rating in Monday, December 7 report. Barclays Capital maintained Paragon Group of Companies PLC (LON:PAG) on Wednesday, February 17 with “Equal-Weight” rating. The company was maintained on Thursday, September 3 by Liberum Capital. The firm earned “Sell” rating on Wednesday, July 29 by Numis Securities. JP Morgan maintained it with “Underweight” rating and GBX 230 target price in Monday, August 1 report. Barclays Capital maintained the stock with “Equal Weight” rating in Friday, May 20 report.
About 1.05 million shares traded hands or 56.80% 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.
Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.19, from 1.15 in 2016Q1. The ratio dived, as 26 funds sold all Paragon Group of Companies PLC shares owned while 63 reduced positions. 34 funds bought stakes while 68 increased positions. They now own 33.69 million shares or 0.84% less from 33.98 million shares in 2016Q1.
State Street Corporation accumulated 643,434 shares or 0% of the stock. Barclays Public Ltd Company holds 0% of its portfolio in Paragon Group of Companies PLC (LON:PAG) for 15,936 shares. Blackrock Inv Ltd Liability, a New Jersey-based fund reported 18,817 shares. Fifth Third Bancshares accumulated 0.05% or 204,409 shares. Peak6 Invs Limited Partnership reported 26,064 shares or 0.01% of all its holdings. State Board Of Administration Of Florida Retirement has invested 0% of its portfolio in Paragon Group of Companies PLC (LON:PAG). Swiss Bancorporation has 0% invested in the company for 74,000 shares. Cambiar Investors Limited Com last reported 0.33% of its portfolio in the stock. Mercer Capital Advisers accumulated 14,290 shares or 0.37% of the stock. The Utah-based Utah Retirement Sys has invested 0.01% in Paragon Group of Companies PLC (LON:PAG). Sunbelt Secs owns 208 shares or 0% of their US portfolio. Stoneridge Inv Partners Ltd Liability Corporation, a Pennsylvania-based fund reported 34,309 shares. Logan Capital Mgmt Inc holds 0.04% of its portfolio in Paragon Group of Companies PLC (LON:PAG) for 16,636 shares. Keeley Asset Mgmt holds 1.1% or 837,193 shares in its portfolio. Gabelli Funds Ltd Company holds 0.05% or 258,484 shares in its portfolio.
Insider Transactions: Since July 29, 2016, the stock had 18 insider purchases, and 1 sale for $226.27 million net activity. $15.75M worth of Paragon Group of Companies PLC (LON:PAG) shares were bought by PENSKE CORP. The insider PENSKE ROGER S bought 478,000 shares worth $21.13 million. Spradlin Shane M. sold 4,900 shares worth $236,719.
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 9.87 P/E ratio. The Company’s operating divisions include Paragon Mortgages, Idem Capital and Paragon Bank.
According to Zacks Investment Research, “United Auto Group, Inc. is a leading acquirer, consolidator and operator of franchised automobile and light truck dealerships and related businesses. As an integral part of its dealership operations, they also sells used vehicles. All of the franchised dealerships include integrated service and parts operations, which are an important source of recurring revenues. In addition, these dealerships market a complete line of aftermarket automotive products and services through its wholly owned subsidiaries United Auto Care, Inc. and United Auto Care Products, Inc.”
Penske Automotive Group, Inc., incorporated on December 6, 1990, is a transportation services firm that operates automotive and commercial vehicle dealerships in the United States and Western Europe. The Firm distributes commercial vehicles, diesel engines, gas engines, power systems and related parts, and services in Australia and New Zealand. The Firm operates in three divisions: Retail Automotive, which includes the Company’s retail automotive dealership operations; Retail Commercial Truck, which includes its United States retail commercial truck dealership operations, and Other, which include the Company’s retail commercial vehicle dealership operations, commercial vehicle distribution activities and its investments in non-automotive operations.
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By Clifton Ray