Phoenix Group Holdings Given New GBX 740 Price Target at Liberum Capital (PHNX)
Research analysts at Liberum Capital increased their price objective on shares of Phoenix Group Holdings (LON:PHNX) from GBX 735 ($12.29) to GBX 740 ($12.37) in a report released on Friday. The firm currently has a “hold” rating on the stock. Liberum Capital’s price target would suggest a potential upside of 3.50% from the company’s current price.
PHNX has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Phoenix Group Holdings in a research note on Friday. They now have a GBX 800 ($13.37) price target on the stock. Separately, 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Phoenix Group Holdings has a consensus rating of “Hold” and an average target price of GBX 633.10 ($10.58).
Phoenix Group Holdings (LON:PHNX) opened at 738.00 on Friday. Phoenix Group Holdings has a one year low of GBX 560.52 and a one year high of GBX 853.50. The stock has a 50-day moving average of GBX 682.0 and a 200-day moving average of GBX 681.7. The company’s market cap is £1.648 billion.
The company also recently announced a dividend, which is scheduled for Thursday, October 2nd. Shareholders of record on Wednesday, September 3rd will be paid a dividend of GBX 26.70 ($0.45) per share. This represents a dividend yield of 3.63%. The ex-dividend date 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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