Phoenix Group Holdings (LON:PHNX) has received an average recommendation of “Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 803 ($10.65).
Several research analysts recently commented on PHNX shares. HSBC Holdings plc reissued a “hold” rating and set a GBX 790 ($10.48) price target on shares of Phoenix Group Holdings in a research report on Tuesday, June 13th. Barclays PLC reissued an “underweight” rating and set a GBX 673 ($8.93) price target on shares of Phoenix Group Holdings in a research report on Wednesday, June 28th. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 785 ($10.41) price objective on shares of Phoenix Group Holdings in a research report on Tuesday, July 18th. J P Morgan Chase & Co raised their price objective on Phoenix Group Holdings from GBX 826 ($10.96) to GBX 837 ($11.10) and gave the company an “overweight” rating in a research report on Friday, August 4th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 875 ($11.61) price objective on shares of Phoenix Group Holdings in a research report on Thursday, June 15th.
Phoenix Group Holdings (LON PHNX) traded up 0.86% during midday trading on Friday, reaching GBX 758.00. The company had a trading volume of 458,001 shares. The company’s 50-day moving average is GBX 755.68 and its 200 day moving average is GBX 759.56. Phoenix Group Holdings has a 52-week low of GBX 691.00 and a 52-week high of GBX 817.48. The company’s market cap is GBX 2.97 billion.
The business also recently disclosed a dividend, which was paid on Monday, October 2nd. Shareholders of record on Thursday, September 7th were paid a dividend of GBX 25.10 ($0.33) per share. This represents a yield of 3.24%. The ex-dividend date of this dividend was Thursday, September 7th. This is a positive change from Phoenix Group Holdings’s previous dividend of $23.90.
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Phoenix Group Holdings Company Profile
Phoenix Group Holdings is a consolidator of closed life assurance funds specializing in the management and acquisition of closed life and pension funds. The Company’s segment: life assurance (including its management services operations) is referred to as Phoenix Life. It has four operating life companies, which hold policyholder assets and a distribution business, SunLife.
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