Phoenix Group Holdings (LON:PHNX) Given Average Recommendation of “Buy” by Brokerages
Shares of Phoenix Group Holdings (LON:PHNX) have received an average rating of “Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 789.75 ($10.32).
A number of equities research analysts have weighed in on PHNX shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 820 ($10.71) price objective on shares of Phoenix Group in a report on Friday, August 9th. Deutsche Bank reaffirmed a “hold” rating on shares of Phoenix Group in a report on Tuesday, September 3rd. Finally, Barclays lowered their price objective on Phoenix Group from GBX 664 ($8.68) to GBX 657 ($8.58) and set an “equal weight” rating on the stock in a report on Tuesday, September 3rd.
PHNX traded up GBX 21.80 ($0.28) during trading on Friday, reaching GBX 703.10 ($9.19). The company’s stock had a trading volume of 1,094,834 shares, compared to its average volume of 1,360,000. Phoenix Group has a 52-week low of GBX 537.50 ($7.02) and a 52-week high of GBX 735.20 ($9.61). The company’s fifty day moving average price is GBX 673.71 and its 200-day moving average price is GBX 689.36. The company has a market capitalization of $5.07 billion and a price-to-earnings ratio of 12.08. The company has a debt-to-equity ratio of 38.77, a quick ratio of 0.09 and a current ratio of 0.19.
The company also recently declared a dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, August 15th will be paid a dividend of GBX 23.40 ($0.31) per share. This represents a dividend yield of 3.47%. The ex-dividend date is Thursday, August 15th. Phoenix Group’s dividend payout ratio (DPR) is 0.81%.
In other news, insider Jim McConville sold 34,514 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of GBX 696 ($9.09), for a total transaction of £240,217.44 ($313,886.63).
About Phoenix Group
Phoenix Group Holdings, a closed life assurance fund consolidator, acquires and manages closed life and pension funds primarily in the United Kingdom. It operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It also provides financing services. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings in March 2010.
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