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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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