Rating of The Day: -34.15% to Target, JP Morgan Cazenove Maintains Underweight Rating for Paragon Group of Companies The PLC (LON:PAG) Stock

November 24, 2016 - By Peter Erickson

Paragon Group of Companies The PLC (LON:PAG) Rating

Equities researchers at JP Morgan Cazenove have GBX 230.00 target price on Paragon Group of Companies The PLC (LON:PAG). JP Morgan Cazenove’s target price suggests a potential downside of -34.15% from the company’s last stock close. The rating was disclosed to clients in an analyst report on 24 November.

Paragon Group of Companies PLC (LON:PAG) Ratings Coverage

Out of 11 analysts covering Paragon Group of Companies The PLC (LON:PAG), 7 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 64% are positive. GBX 536 is the highest target while GBX 230 is the lowest. The GBX 385.80 average target is 8.01% above today’s (GBX 357.2) stock price. Paragon Group of Companies The PLC has been the topic of 75 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Wednesday, November 25 by JP Morgan. The stock has “Buy” rating given by Liberum Capital on Thursday, November 26. As per Thursday, July 30, the company rating was maintained by Barclays Capital. The firm has “Equal Weight” rating given on Friday, May 20 by Barclays Capital. JP Morgan maintained the shares of PAG in a report on Monday, August 1 with “Underweight” rating. The stock of Paragon Group of Companies PLC (LON:PAG) earned “Neutral” rating by JP Morgan on Thursday, February 4. The firm has “Sector Performer” rating by RBC Capital Markets given on Wednesday, January 6. Barclays Capital maintained the shares of PAG in a report on Wednesday, July 20 with “Equal Weight” rating. Panmure Gordon maintained it with “Hold” rating and GBX 400 target price in Wednesday, November 23 report. Numis Securities maintained the stock with “Buy” rating in Tuesday, May 24 report.

About 411,613 shares traded hands. Paragon Group of Companies PLC (LON:PAG) has risen 19.44% since April 27, 2016 and is uptrending. It has outperformed by 14.03% the S&P500.

Analysts await Penske Automotive Group, Inc. (NYSE:PAG) to report earnings on February, 9. They expect $0.87 earnings per share, up 7.41% or $0.06 from last year’s $0.81 per share. PAG’s profit will be $74.27 million for 14.20 P/E if the $0.87 EPS becomes a reality. After $1.03 actual earnings per share reported by Penske Automotive Group, Inc. for the previous quarter, Wall Street now forecasts -15.53% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.19, from 1.15 in 2016Q1. The ratio turned negative, 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.

Price T Rowe Assocs Md holds 0% or 12,304 shares in its portfolio. Vanguard Grp last reported 0.01% of its portfolio in the stock. Moreover, Lord Abbett & Co Ltd Llc has 0.01% invested in Paragon Group of Companies PLC (LON:PAG) for 68,600 shares. Moreover, Bnp Paribas Arbitrage Sa has 0% invested in Paragon Group of Companies PLC (LON:PAG) for 100 shares. Towle last reported 90 shares in the company. Pub Employees Retirement Association Of Colorado holds 11,053 shares or 0% of its portfolio. Bluecrest Cap Mngmt Ltd, a Guernsey-based fund reported 26,297 shares. State Street Corporation has 643,434 shares for 0% of their US portfolio. Financial Bank Of Ny Mellon Corporation has 299,999 shares for 0% of their US portfolio. Sei Invs holds 0% of its portfolio in Paragon Group of Companies PLC (LON:PAG) for 3,021 shares. Nomura Asset Mngmt Limited last reported 1,890 shares in the company. Engineers Gate Manager Ltd Partnership owns 39,700 shares or 0.09% of their US portfolio. The Missouri-based Stifel has invested 0.02% in Paragon Group of Companies PLC (LON:PAG). State Board Of Administration Of Florida Retirement System owns 44,005 shares or 0% of their US portfolio. Moreover, Walleye Trading Ltd Liability has 0% invested in Paragon Group of Companies PLC (LON:PAG) for 7,289 shares.

Insider Transactions: Since July 29, 2016, the stock had 18 buys, and 1 insider sale for $226.27 million net activity. 187,764 shares were bought by PENSKE ROGER S, worth $8.49M. 187,764 Paragon Group of Companies PLC (LON:PAG) shares with value of $8.49M were bought by PENSKE CORP. Spradlin Shane M. had 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 1.01 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 9.48 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.”

PAG Company Profile

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.

Another recent and important Paragon Group of Companies PLC (LON:PAG) news was published by Fool.Co.Uk which published an article titled: “Can Lloyds Banking Group PLC, Paragon Group Of Companies PLC And Aberdeen …” on April 23, 2016.

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