Monday broker round-up
30th Jan 2017 13:05
(ShareCast News) - BT: Barclays reiterates overweight with a target price of 475p. ITV: Jefferies reiterates buy, 230p target. Phoenix: Deutsche Bank restarts coverage at buy with a 835p target. Paragon Group: JP Morgan reiterates underweight with a 355p target. Inmarsat: Deutsche Bank reiterates
Read moreParagon quarterly profit in line with expectations
27th Jan 2017 08:14
(ShareCast News) - Banking group Paragon's first quarter profits were in line with expectations due to cost controls and good trends in high margins and volumes, as the company transitions to a lending and operational model. The FTSE 250 company made profit of £33.1m in the quarter ended 31 December
Read moreLiberum initiates coverage of challenger banks, prefers OneSavings
13th Dec 2016 10:09
(ShareCast News) - Liberum initiated coverage of five challenger banks with three 'buy' recommendations and two 'hold' stances. The brokerage started OneSavings Bank, Shawbrook and Aldermore at 'buy' with price targets of 395p, 290p and 245p, respectively. It said OneSavings is making regulatory ch
Read moreFTSE 250 movers: Paragon Group jumps, AMEC sinks
25th Nov 2016 20:13
(ShareCast News) - Paragon Group led to the upside on the back of a positive endorsement from broker Jefferies. Analyst Phil Dobbin said: "Paragon is evolving from a securitized non-bank lender to a more diversified retail funded banking group. We believe that the company has the ability to gain mar
Read moreFriday broker round-up
25th Nov 2016 17:30
(ShareCast News) - Essentra: Jefferies keeps at buy with a target price of 445p. Rio Tinto: HBSC stays at buy 3300p target. Legal & General: Berenberg reiterates buy with a 301p target. Jardine Lloyd Thomson: HSBC reiterates buy with a 1100p target. Diageo: Credit Suisse keeps at outperform with
Read moreBoA Merrill downgrades Paragon on valuation
24th Nov 2016 12:04
(ShareCast News) - Bank of America Merrill Lynch downgraded Paragon Group to 'underperform' from 'neutral' on valuation grounds. It noted the shares are up 5% year to date and 20% above their pre-Brexit levels, with Paragon the best-performing UK specialist lender in its coverage. The bank inc
Read moreParagon's profit climbs as it transitions to retail banking
23rd Nov 2016 08:24
(ShareCast News) - Mortgage provider Paragon Group drove annual profits higher as it transitions to a retail bank, hiking its dividend more than 20% and announcing a share buyback to further please investors. In the year ended 30 September, underlying profit rose 9.1% to £146.9m compared to last yea
Read moreParagon buys Premier Asset Finance
3rd Oct 2016 07:31
(ShareCast News) - FTSE 250 lender Paragon Group of Companies has acquired asset finance brokerage Premier Asset Finance through Paragon Bank' asset finance division, Paragon Bank Asset Finance Limited, for an initial consideration of £8.5m in cash. Paragon said a further £12m is payable over the
Read moreRBC ups targets on specialty lenders due to UK economic resilience
23rd Sep 2016 08:34
(ShareCast News) - Analysts at RBC revised their price targets for UK challenger banks higher as a result of the resilience shown thus far by the economy and the support provided by the Bank of England. The broker also revised its forecasts higher for Aldermore,Close Brothers and Shawbrook. "While
Read moreParagon 9 month underlying profits up
29th Jul 2016 08:28
(ShareCast News) - Paragon Group said underlying operating profits before fair value items and acquisition related costs rose 12.1% to £109.9 million for the nine months to June 30. The company said normal trading had been disrupted by stamp duty changes on buy-to-let property purchases and uncertai
Read moreBroker tips: Imperial Brands, Paragon Group, BP
24th May 2016 13:24
(ShareCast News) - Barclays upgraded Imperial Brands to 'overweight' from 'equalweight' and lifted the price target to 4,200p from 3,750p, driven by more bullish medium-term expectations. The bank said organic sales momentum is improving and margin/cash generation increases underpin dividend growth
Read moreNumis leaves Paragon at 'buy' after first half results
24th May 2016 10:54
(ShareCast News) - Paragon's shares fell on Tuesday after Numis said it expects to downgrade its estimates "modestly" following the mortgage lender's first half results. Numis said the company's results were "a little below our top of the range forecasts" but reiterated a 'buy' rating and target pri
Read moreParagon Group's first half profits jump on buy-to-let demand
24th May 2016 09:21
(ShareCast News) - Paragon Group on Tuesday reported a 12.5% increase in underlying profits to £71.9m in the first half as the provider of mortgages and personal loans received strong demand for buy-to-let house purchases. Pre-tax profit grew 11% to £69.5m in the six months to 31 March 2016 as buy-t
Read moreThursday newspaper share tips: Tritax Big Box REIT, Paragon
31st Mar 2016 17:56
(ShareCast News) - Tritax Big Box REIT appears to keep going from strength to strength, The Daily Telegraph´s Questor said. The company - considered to be a leader in logistics property - has a £1.3bn portfolio which is completely rented out to high quality tenants and is in a good position to expan
Read moreThursday broker round-up
4th Feb 2016 16:07
(ShareCast News) - Coca-Cola HBC: Barclays downgrades to underweight with a target of 1325p. TalkTalk: Goldman Sachs downgrades to neutral with a target of 271p. Paragon Group: JP Morgan downgrades to neutral and sets a 380p target. Antofagasta: Investec reiterates sell with a target of 305p. Ang
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