Phoenix Group Holdings (PHNX) Earns “Add” Rating from Numis Securities Ltd

Phoenix Group Holdings (LON:PHNX)‘s stock had its “add” rating restated by investment analysts at Numis Securities Ltd in a research note issued on Thursday. They currently have a GBX 938 ($12.24) price target on the stock. Numis Securities Ltd’s price target indicates a potential upside of 8.13% from the company’s previous close.

A number of other research firms have also issued reports on PHNX. Canaccord Genuity lowered their price target on Phoenix Group Holdings from GBX 975 ($12.73) to GBX 830 ($10.83) and set a “buy” rating on the stock in a report on Monday, June 27th. HSBC raised their price target on Phoenix Group Holdings from GBX 884 ($11.54) to GBX 920 ($12.01) and gave the stock a “hold” rating in a report on Friday, August 26th. Shore Capital reissued a “hold” rating on shares of Phoenix Group Holdings in a report on Friday, June 24th. Finally, Deutsche Bank AG reduced their price objective on shares of Phoenix Group Holdings from GBX 1,000 ($13.05) to GBX 870 ($11.36) and set a “hold” rating for the company in a research report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 901.78 ($11.77).

Analyst Recommendations for Phoenix Group Holdings (LON:PHNX)

Phoenix Group Holdings (LON:PHNX) opened at 875.50 on Thursday. The stock’s market capitalization is GBX 2.00 billion. Phoenix Group Holdings has a one year low of GBX 717.50 and a one year high of GBX 952.00. The stock has a 50 day moving average price of GBX 849.19 and a 200-day moving average price of GBX 848.75.

The business also recently disclosed a dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 8th will be given a dividend of GBX 26.70 ($0.35) per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a dividend yield of 3.22%.

Phoenix Group Holdings Company Profile

Phoenix Group Holdings is a specialist closed life assurance fund consolidator that specializes in the management and acquisition of closed life and pension funds. The Company operates through the Phoenix Life segment. The Phoenix Life segment provides a range of whole life, term assurance and pension products.

Receive News & Ratings for Phoenix Group Holdings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phoenix Group Holdings and related companies with's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.