Phoenix Group Holdings Price Target Increased to GBX 740 by Analysts at Deutsche Bank (PHNX)
Equities research analysts at Deutsche Bank boosted their price target on shares of Phoenix Group Holdings (LON:PHNX) from GBX 735 ($12.29) to GBX 740 ($12.37) in a research note issued to investors on Friday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 3.50% from the stock’s previous close.
Shares of Phoenix Group Holdings (LON:PHNX) traded up 0.11% on Friday, hitting GBX 736.29. The stock had a trading volume of 2,562,088 shares. Phoenix Group Holdings has a one year low of GBX 560.52 and a one year 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 £1.644 billion.
The company also recently announced a dividend, which is scheduled for Thursday, October 2nd. Investors 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.
A number of other analysts have also recently weighed in on PHNX. 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. Separately, 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. Finally, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Phoenix Group Holdings in a research note on Friday, August 15th. They now have a GBX 750 ($12.54) price target on the stock. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 633.10 ($10.58).
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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