Canaccord Genuity reissued their buy rating on shares of Phoenix Group Holdings (LON:PHNX) in a research report report published on Wednesday morning. They currently have a GBX 930 ($12.14) price objective on the stock.
A number of other brokerages have also recently commented on PHNX. HSBC upped 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 research report on Friday, August 26th. Numis Securities Ltd initiated coverage on Phoenix Group Holdings in a research report on Tuesday, September 13th. They issued an add rating and a GBX 938 ($12.24) price target for the company. Shore Capital restated a hold rating on shares of Phoenix Group Holdings in a research report on Friday, June 24th. Finally, Deutsche Bank AG reduced their price target on 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 investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 901.78 ($11.77).
Phoenix Group Holdings (LON:PHNX) opened at 887.00 on Wednesday. Phoenix Group Holdings has a 12-month low of GBX 717.50 and a 12-month high of GBX 952.00. The firm’s 50-day moving average price is GBX 851.45 and its 200-day moving average price is GBX 849.18. The stock’s market cap is GBX 2.02 billion.
The company also recently declared a dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 8th will be issued a dividend of GBX 26.70 ($0.35) per share. This represents a yield of 3.22%. The ex-dividend date of this dividend is Thursday, September 8th.
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.
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