Friends Life Group Given Buy Rating at Deutsche Bank (FLG)
Friends Life Group (LON:FLG)‘s stock had its “buy” rating restated by Deutsche Bank in a research note issued on Thursday. They currently have a GBX 332 ($5.59) price target on the stock. Deutsche Bank’s price target points to a potential upside of 3.98% from the stock’s previous close.
A number of other firms have also recently commented on FLG. Analysts at Canaccord Genuity reiterated a “hold” rating on shares of Friends Life Group in a research note on Monday, July 14th. They now have a GBX 300 ($5.05) price target on the stock. Separately, 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). Finally, analysts at Barclays reiterated an “overweight” rating on shares of Friends Life Group in a research note on Thursday, July 10th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 325.50 ($5.48).
Friends Life Group (LON:FLG) traded down 0.68% during mid-day trading on Thursday, hitting GBX 319.30. 3,061,783 shares of the company’s stock traded hands. Friends Life Group has a 52-week low of GBX 266.60 and a 52-week high of GBX 383.60. The stock has a 50-day moving average of GBX 323.3 and a 200-day moving average of GBX 326.7. The company’s market cap is £4.515 billion.
The company also recently announced a dividend, which is scheduled for Monday, October 6th. Investors of record on Wednesday, August 27th will be paid a dividend of GBX 7.05 ($0.12) per share. This represents a dividend yield of 2.19%. The ex-dividend date 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.