Phoenix Group Holdings Receives Average Recommendation of “Hold” from Analysts (LON:PHNX)
Phoenix Group Holdings (LON:PHNX) has received a consensus rating of “Hold” from the nine analysts that are currently covering the company, Stock Ratings Network reports. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is GBX 628.67 ($10.43).
A number of analysts have recently weighed in on PHNX shares. Analysts at Barclays upgraded shares of Phoenix Group Holdings to an “equal weight” rating in a research note on Tuesday, August 26th. They now have a GBX 713 ($11.83) price target on the stock. Separately, analysts at Liberum Capital raised their price target on shares of Phoenix Group Holdings from GBX 735 ($12.20) to GBX 740 ($12.28) in a research note on Friday, August 22nd. They now have a “hold” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Phoenix Group Holdings in a research note on Friday, August 22nd. They now have a GBX 800 ($13.28) price target on the stock.
Phoenix Group Holdings (LON:PHNX) traded down 0.07% on Tuesday, hitting GBX 749.50. 115,580 shares of the company’s stock traded hands. 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 701.0 and a 200-day moving average of GBX 681.8. The company’s market cap is £1.686 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.
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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