Phoenix Group Holdings (LON:PHNX) has earned an average recommendation of “Buy” from the eight ratings firms that are currently covering the stock. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 820 ($10.32).
Several equities analysts recently commented on PHNX shares. Deutsche Bank AG started coverage on shares of Phoenix Group Holdings in a report on Monday, January 30th. They set a “buy” rating and a GBX 835 ($10.51) price target on the stock. Shore Capital reiterated a “buy” rating on shares of Phoenix Group Holdings in a report on Tuesday, January 10th. JPMorgan Chase & Co. upped their price target on shares of Phoenix Group Holdings from GBX 783 ($9.86) to GBX 793 ($9.98) and gave the company an “overweight” rating in a report on Tuesday, February 28th. Berenberg Bank reiterated a “buy” rating and set a GBX 821 ($10.33) price target on shares of Phoenix Group Holdings in a report on Thursday, February 9th. Finally, Numis Securities Ltd reiterated a “hold” rating and set a GBX 785 ($9.88) price target on shares of Phoenix Group Holdings in a report on Wednesday, January 11th.
In other Phoenix Group Holdings news, insider Clive Bannister sold 61,823 shares of the business’s stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of GBX 774 ($9.74), for a total value of £478,510.02 ($602,278.19). Also, insider Wendy Mayall acquired 10,000 shares of the stock in a transaction on Tuesday, February 14th. The stock was bought at an average cost of GBX 761 ($9.58) per share, with a total value of £76,100 ($95,783.51). Over the last three months, insiders acquired 25,050 shares of company stock valued at $19,008,043.
Phoenix Group Holdings (LON:PHNX) traded down 0.61% during trading on Monday, reaching GBX 737.00. The company’s stock had a trading volume of 997,828 shares. Phoenix Group Holdings has a 12 month low of GBX 610.22 and a 12 month high of GBX 817.48. The stock’s 50 day moving average is GBX 766.58 and its 200 day moving average is GBX 746.45. The company’s market cap is GBX 2.89 billion.
The business also recently disclosed a dividend, which will be paid on Monday, May 15th. Shareholders of record on Thursday, March 30th will be given a GBX 23.90 ($0.30) dividend. The ex-dividend date is Thursday, March 30th. This represents a yield of 3%.
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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