Friends Life Group Stock Rating Reaffirmed by Berenberg Bank (FLG)
Friends Life Group (LON:FLG)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a note issued to investors on Wednesday. They currently have a GBX 330 ($5.48) price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 6.55% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Friends Life Group in a research note on Tuesday, August 26th. Separately, 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 ($5.48) price target on the stock, down previously from GBX 332 ($5.51). Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 325 ($5.39).
Friends Life Group (LON:FLG) traded up 1.29% during mid-day trading on Wednesday, hitting GBX 313.70. The stock had a trading volume of 1,419,457 shares. Friends Life Group has a 52-week low of GBX 266.60 and a 52-week high of GBX 383.60. The stock has a 50-day moving average of GBX 320.2 and a 200-day moving average of GBX 320.7. The company’s market cap is £4.436 billion.
The company also recently announced a dividend, which is scheduled for Monday, October 6th. Shareholders of record on Wednesday, August 27th will be paid a dividend of GBX 7.05 ($0.12) per share. This represents a dividend yield of 2.19%. The ex-dividend date is Wednesday, August 27th.
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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