Friends Life Group’s “Hold” Rating Reaffirmed at Canaccord Genuity (FLG)
Friends Life Group (LON:FLG)‘s stock had its “hold” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued to investors on Thursday. They currently have a GBX 300 ($5.05) target price on the stock. Canaccord Genuity’s price objective suggests a potential downside of 6.98% from the stock’s previous close.
FLG has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Friends Life Group in a research note on Thursday. They now have a GBX 332 ($5.59) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “hold” rating on shares of Friends Life Group in a research note on Friday, July 11th. They now have a GBX 330 ($5.55) price target on the stock, up previously from GBX 310 ($5.22). Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 325.50 ($5.48).
Friends Life Group (LON:FLG) opened at 318.70 on Thursday. Friends Life Group has a 1-year low of GBX 266.60 and a 1-year high of GBX 383.60. The stock has a 50-day moving average of GBX 323.0 and a 200-day moving average of GBX 326.7. The company’s market cap is £4.518 billion.
The company also recently declared a dividend, which is scheduled for Monday, October 6th. Stockholders of record on Wednesday, August 27th will be given a dividend of GBX 7.05 ($0.12) per share. This represents a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, August 27th.
Friends Life Group Limited, formerly Resolution Limited, is a Guernsey-based company, which provides a range of pension, investment and insurance products and services.
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