Phoenix Group Holdings Earns “Buy” Rating from Canaccord Genuity (PHNX)
Phoenix Group Holdings (LON:PHNX)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity in a research report issued to clients and investors on Friday. They currently have a GBX 800 ($13.37) price target on the stock. Canaccord Genuity’s target price points to a potential upside of 11.89% from the stock’s previous close.
PHNX has been the subject of a number of other recent research reports. Analysts at Deutsche Bank raised their price target on shares of Phoenix Group Holdings from GBX 735 ($12.29) to GBX 740 ($12.37) in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of Phoenix Group Holdings in a research note on Thursday. They now have a GBX 750 ($12.54) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Phoenix Group Holdings in a research note on Thursday. They now have a GBX 915 ($15.30) price target on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Phoenix Group Holdings presently has a consensus rating of “Hold” and a consensus target price of GBX 633.10 ($10.58).
Phoenix Group Holdings (LON:PHNX) opened at 738.00 on Friday. Phoenix Group Holdings has a 52-week low of GBX 560.52 and a 52-week high of GBX 853.50. The stock’s 50-day moving average is GBX 682.0 and its 200-day moving average is GBX 681.7. The company’s market cap is £1.648 billion.
The company also recently declared a dividend, which is scheduled for Thursday, October 2nd. Shareholders of record on Wednesday, September 3rd will be given a dividend of GBX 26.70 ($0.45) per share. This represents a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Phoenix Group Holdings is a United Kingdom-based company that acquires and manages closed life insurance businesses that are in run-off.
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