Friends Life Group Receives “Overweight” Rating from Barclays (FLG)
Friends Life Group (LON:FLG) traded up 0.88% during mid-day trading on Tuesday, hitting GBX 310.30. 1,178,610 shares of the company’s stock traded hands. Friends Life Group has a one year low of GBX 266.60 and a one year high of GBX 383.60. The stock has a 50-day moving average of GBX 322.5 and a 200-day moving average of GBX 323.. The company’s market cap is £4.388 billion.
The company also recently declared a dividend, which is scheduled for Monday, October 6th. Stockholders of record on Wednesday, August 27th will be given a dividend of GBX 7.05 ($0.12) per share. This represents a yield of 2.19%. The ex-dividend date of this dividend is Wednesday, August 27th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank downgraded shares of Friends Life Group to a “hold” rating in a research note on Monday, August 11th. They now have a GBX 330 ($5.46) price target on the stock, down previously from GBX 332 ($5.49). Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of Friends Life Group in a research note on Thursday, August 7th. They now have a GBX 300 ($4.96) price target on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Friends Life Group presently has a consensus rating of “Hold” and a consensus target price of GBX 325 ($5.38).
Friends Life Group Limited, formerly Resolution Limited, is a Guernsey-based company, which provides a range of pension, investment and insurance products and services.
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