Phoenix Group Holdings’ (PHNX) “Buy” Rating Reaffirmed at Canaccord Genuity
Canaccord Genuity reiterated their buy rating on shares of Phoenix Group Holdings (LON:PHNX) in a research report released on Tuesday morning. The brokerage currently has a GBX 930 ($12.14) price objective on the stock.
A number of other research analysts have also issued reports on the company. HSBC reiterated a hold rating and issued a GBX 920 ($12.01) target price on shares of Phoenix Group Holdings in a report on Wednesday, September 14th. Deutsche Bank AG decreased their target price on Phoenix Group Holdings from GBX 1,000 ($13.05) to GBX 870 ($11.36) and set a hold rating for the company in a report on Wednesday, June 29th. Numis Securities Ltd started coverage on Phoenix Group Holdings in a report on Tuesday, September 13th. They issued an add rating and a GBX 938 ($12.24) target price for the company. Finally, Shore Capital reiterated a hold rating on shares of Phoenix Group Holdings in a report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. Phoenix Group Holdings has an average rating of Hold and a consensus price target of GBX 901.78 ($11.77).
Phoenix Group Holdings (LON:PHNX) opened at 864.00 on Tuesday. The firm’s market capitalization is GBX 1.97 billion. The stock has a 50 day moving average price of GBX 842.31 and a 200-day moving average price of GBX 849.17. Phoenix Group Holdings has a one year low of GBX 717.50 and a one year high of GBX 952.00.
The firm also recently declared a dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 8th will be issued a dividend of GBX 26.70 ($0.35) per share. This represents a yield of 3.22%. The ex-dividend date of this dividend is Thursday, September 8th.
Phoenix Group Holdings Company Profile
Phoenix Group Holdings is a specialist closed life assurance fund consolidator that specializes in the management and acquisition of closed life and pension funds. The Company operates through the Phoenix Life segment. The Phoenix Life segment provides a range of whole life, term assurance and pension products.
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