Phoenix Group Holdings’ (PHNX) Hold Rating Reiterated at HSBC
Other research analysts have also recently issued research reports about the stock. Deutsche Bank AG cut their target price on shares of Phoenix Group Holdings from GBX 1,000 ($13.32) to GBX 870 ($11.59) and set a hold rating on the stock in a report on Wednesday, June 29th. Canaccord Genuity raised their target price on shares of Phoenix Group Holdings from GBX 890 ($11.85) to GBX 975 ($12.99) and gave the stock a buy rating in a report on Thursday, June 2nd. Shore Capital restated a hold rating on shares of Phoenix Group Holdings in a report on Thursday, August 25th. Finally, Numis Securities Ltd initiated coverage on shares of Phoenix Group Holdings in a report on Tuesday, September 13th. They issued an add rating and a GBX 938 ($12.49) target price on the stock. 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. The company currently has a consensus rating of Hold and a consensus target price of GBX 901.78 ($12.01).
Shares of Phoenix Group Holdings (LON:PHNX) opened at 849.50 on Wednesday. Phoenix Group Holdings has a 52 week low of GBX 717.50 and a 52 week high of GBX 952.00. The company’s market cap is GBX 1.94 billion. The firm’s 50-day moving average is GBX 838.96 and its 200-day moving average is GBX 849.60.
The firm also recently declared a dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, September 8th will be paid a GBX 26.70 ($0.36) dividend. This represents a yield of 3.22%. The ex-dividend date is Thursday, September 8th.
About Phoenix Group Holdings
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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