Phoenix Group Holdings Rating Increased to Equal Weight at Barclays (PHNX)
Phoenix Group Holdings (LON:PHNX) was upgraded by stock analysts at Barclays to an “equal weight” rating in a report issued on Tuesday. The firm currently has a GBX 713 ($11.80) price objective on the stock. Barclays’ price objective points to a potential downside of 2.79% from the company’s current price.
Phoenix Group Holdings (LON:PHNX) traded up 1.90% during mid-day trading on Tuesday, hitting GBX 752.00. The stock had a trading volume of 347,282 shares. Phoenix Group Holdings has a 1-year low of GBX 560.52 and a 1-year high of GBX 853.50. The stock’s 50-day moving average is GBX 687.0 and its 200-day moving average is GBX 681.4. The company’s market cap is £1.692 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 ($0.44) per share. This represents a yield of 3.63%. The ex-dividend date of this dividend is Wednesday, September 3rd.
A number of other firms have also recently commented on PHNX. Analysts at Liberum Capital raised their price target on shares of Phoenix Group Holdings from GBX 735 ($12.16) to GBX 740 ($12.25) in a research note on Friday. They now have a “hold” rating on the stock. Separately, 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 ($13.24) price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Phoenix Group Holdings from GBX 735 ($12.16) to GBX 740 ($12.25) in a research note on Friday. They now have a “hold” rating on the stock. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Phoenix Group Holdings has a consensus rating of “Hold” and a consensus target price of GBX 644.80 ($10.67).
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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