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Paragon Banking Group PLC ( (GB:PAG) ) has shared an announcement.
Paragon Banking Group PLC announced the purchase of 117,431 of its own ordinary shares at a weighted average price of 787.7438p as part of a £50 million share buyback program initiated in December 2024. This move, executed through Peel Hunt LLP, aims to consolidate the company’s shareholdings and potentially enhance shareholder value by reducing the number of shares in circulation, thus impacting the overall market positioning and financial strategy of the company.
More about Paragon Banking Group PLC
Paragon Banking Group PLC operates within the financial services industry, primarily focusing on banking products and services. It is known for its diverse range of financial offerings, including savings accounts, loans, and mortgages, catering primarily to UK-based consumers and businesses.
YTD Price Performance: 9.95%
Average Trading Volume: 489,602
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.57B
Find detailed analytics on PAG stock on TipRanks’ Stock Analysis page.
