November 23, 2016 - By Peter Erickson
London: In a research note shared with investors and clients on 23 November, Peel Hunt reiterated their Buy rating on shares of Paragon Group of Companies The PLC (LON:PAG). They currently have a GBX 460.00 target price per share on the company. Peel Hunt’s target would suggest a potential upside of 24.29% from the company’s current price.
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 2.93% above today’s (GBX 371.9) stock price. Paragon Group of Companies The PLC has been the topic of 71 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Peel Hunt maintained the shares of PAG in a report on Friday, July 29 with “Buy” rating. The rating was maintained by Barclays Capital with “Equal Weight” on Wednesday, July 20. The firm has “Buy” rating by Peel Hunt given on Wednesday, September 14. The stock of Paragon Group of Companies PLC (LON:PAG) has “Overweight” rating given on Wednesday, November 11 by Barclays Capital. Shore Capital maintained Paragon Group of Companies PLC (LON:PAG) on Friday, July 29 with “Buy” rating. JP Morgan downgraded the shares of PAG in a report on Thursday, February 4 to “Neutral” rating. The firm has “Overweight” rating by Barclays Capital given on Tuesday, September 29. The company was maintained on Friday, November 20 by Shore Capital. The rating was maintained by Liberum Capital on Thursday, November 26 with “Buy”. Numis Securities maintained it with “Buy” rating and GBX 357 target price in Wednesday, January 27 report.
About 794,717 shares traded hands or 18.68% 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.
Moreover, Pnc Financial Ser has 0% invested in Paragon Group of Companies PLC (LON:PAG) for 3,472 shares. Horizon Kinetics Limited Com has 94,331 shares for 0.07% of their US portfolio. First Trust Advsrs Ltd Partnership has 0.05% invested in the company for 545,053 shares. The Virginia-based Markel has invested 0.03% in Paragon Group of Companies PLC (LON:PAG). Gsa Capital Ptnrs Limited Liability Partnership reported 11,469 shares or 0.02% of all its holdings. Legal & General Grp Plc holds 0% or 37,542 shares in its portfolio. Gabelli Funds Ltd Liability Co last reported 258,484 shares in the company. Advisory Serv Ntwk Limited Liability has 60 shares for 0% of their US portfolio. Sentry Invests holds 0.39% or 1.32M shares in its portfolio. Bnp Paribas Arbitrage holds 0% of its portfolio in Paragon Group of Companies PLC (LON:PAG) for 100 shares. Moreover, West Oak Ltd Liability Corporation has 0% invested in Paragon Group of Companies PLC (LON:PAG) for 53 shares. Creative Planning holds 0% or 53 shares in its portfolio. Crestpoint Cap Mgmt Limited Company owns 17,500 shares or 0.29% of their US portfolio. Parametric Associates Llc has 0% invested in the company for 50,727 shares. Capstone Invest Advsrs Limited Liability Co last reported 9,000 shares in the company.
Insider Transactions: Since July 29, 2016, the stock had 18 insider purchases, and 1 insider sale for $226.27 million net activity. $27.76 million worth of Paragon Group of Companies PLC (LON:PAG) shares were bought by PENSKE ROGER S. PENSKE CORP bought $27.76 million worth of stock or 710,121 shares. Spradlin Shane M. had sold 4,900 shares worth $236,719 on Monday, September 12.
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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