Phoenix Group Holdings (PHNX) Given “Add” Rating at Numis Securities Ltd
Numis Securities Ltd reiterated their add rating on shares of Phoenix Group Holdings (LON:PHNX) in a research report sent to investors on Thursday morning. Numis Securities Ltd currently has a GBX 938 ($12.24) price target on the stock.
PHNX has been the topic of a number of other reports. Canaccord Genuity increased their price target on Phoenix Group Holdings from GBX 890 ($11.62) to GBX 975 ($12.73) and gave the stock a buy rating in a research report on Thursday, June 2nd. Shore Capital reiterated a hold rating on shares of Phoenix Group Holdings in a research report on Friday, June 24th. Deutsche Bank AG dropped their price target on Phoenix Group Holdings from GBX 1,000 ($13.05) to GBX 870 ($11.36) and set a hold rating on the stock in a research report on Wednesday, June 29th. Finally, HSBC dropped their price target on Phoenix Group Holdings from GBX 966 ($12.61) to GBX 884 ($11.54) and set a hold rating on the stock in a research report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 901.78 ($11.77).
Phoenix Group Holdings (LON:PHNX) opened at 870.50 on Thursday. Phoenix Group Holdings has a 52 week low of GBX 717.50 and a 52 week high of GBX 952.00. The firm has a 50 day moving average price of GBX 850.53 and a 200 day moving average price of GBX 849.01. The stock’s market capitalization is GBX 1.98 billion.
The company also recently declared a dividend, which will be paid on Monday, October 3rd. Shareholders of record on Thursday, September 8th will be paid 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.
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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