Paragon Group of Companies The PLC (LON:PAG) Receives a Lower Rating From Barclays Capital. Will This be Detrimental to the Share Price?


Paragon Group of Companies The PLC (LON:PAG) Receives a Downgrade

Barclays Capital has just lowered their rating on shares of Paragon Group of Companies The PLC (LON:PAG) to a Equal weight and currently has a GBX 375.00 TP on the stock. This was sent to clients and investors in an interesting research report on 15 December.

From a total of 12 analysts covering Paragon Group of Companies The PLC (LON:PAG) stock, 10 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 77% of the ratings are positive. The highest target price is GBX 536 while the lowest target price is GBX 390. The mean of all analyst targets is GBX 469.67 with a 31.19% above today’s (GBX 358.1) stock price. Paragon Group of Companies The PLC was the topic of 26 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Peel Hunt maintained shares on December 14 with “Buy” rating. Numis Securities upgraded shares to “Hold” rating and GBX 391 target share price in a report from a November 24. Liberum Capital maintained PAG stock in a recent report from November 26 with “Buy” rating. Panmure Gordon downgraded the rating on November 24. Panmure Gordon has a “Hold” rating and a GBX 400 price target on shares. Finally, Barclays Capital maintained the stock with “Overweight” rating in a report issued on a November 25.

The stock closed the day at GBX 358.1 during the previous session. It is down 20.42% since May 18, 2015 and is downtrending. It has underperformed by 16.75% the S&P500.

 Paragon Group of Companies The PLC (LON:PAG) Receives a Lower Rating From Barclays Capital. Will This be Detrimental to the Share Price?

The overall sentiment of institutions has increased to 1.68 in Q2 2015. Its up 0.65, from 1.03 in 2015Q2. The ratio improved, as 24 institutions have sold all the shares of Paragon Group of Companies PLC that they owned while 57 funds have taken shares off the table. 43 funds have purchased shares for the first time while 93 added to their positions. These institutions now hold 35.68 million shares or 6.33% less than the 38.09 million shares they owned in 2015Q2.

The Fund Act Ii Management Lp currently is holding shares equating to 9.73% of its total portfolio in Paragon Group of Companies PLC representing a total of 366,108 shares. Another fund,Goodnow Investment Group Llc, is holding a total of 577,652 shares equating to 5.37% of their holdings. Additionally, Dudley & Shanley Llc has a 471,100 share stake in Paragon Group of Companies PLC which represents 5.06% of their total portfolio. The Fund, Donaldson Capital Management Llc, based out of Indiana, has also built up a stake in the stock, which represents a total of 2.46% of their total portfolio. Finally 10, a fund which is based in the state of Alabama reported a total holdings of 142,227 shares.

The Paragon Group of Companies PLC is a United Kingdom specialist lender of buy-to-let mortgages to professional landlords and residential property investors, as well as an active acquirer of loan assets and portfolios, and a loan servicing well-known provider for third party clients. The company has a market cap of 1.06 billion GBP. The Firm operates in three business divisions: Paragon Mortgages, Idem Capital and Paragon Bank. It has 10.28 P/E ratio. Paragon Mortgages includes revenue, in the form of interest and ancillary income, from the Company’s first mortgage operations, other than the buy-to-let lending of Paragon Bank, and from assets remaining in other, legacy and portfolios.

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.”