Analysts Set Phoenix Group Holdings (LON:PHNX) Price Target at $901.78
Phoenix Group Holdings (LON:PHNX) has received an average rating of “Hold” from the ten brokerages that are currently covering the firm. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 901.78 ($11.77).
PHNX has been the subject of a number of research reports. Canaccord Genuity cut their price target on shares of Phoenix Group Holdings from GBX 975 ($12.73) to GBX 830 ($10.83) and set a “buy” rating for the company in a research note on Monday, June 27th. HSBC boosted their price target on shares of Phoenix Group Holdings from GBX 884 ($11.54) to GBX 920 ($12.01) and gave the stock a “hold” rating in a research note on Friday, August 26th. Shore Capital reissued a “hold” rating on shares of Phoenix Group Holdings in a research note on Friday, June 24th. Finally, Numis Securities Ltd initiated coverage on shares of Phoenix Group Holdings in a research note on Tuesday, September 13th. They issued an “add” rating and a GBX 938 ($12.24) price target for the company.
Phoenix Group Holdings (LON:PHNX) opened at 877.50 on Thursday. The company’s 50-day moving average is GBX 855.91 and its 200-day moving average is GBX 848.48. The company’s market cap is GBX 2.00 billion. Phoenix Group Holdings has a 52 week low of GBX 717.50 and a 52 week high of GBX 952.00.
The company also recently declared a dividend, which was paid on Monday, October 3rd. Shareholders of record on Thursday, September 8th were given a dividend of GBX 26.70 ($0.35) per share. The ex-dividend date of this dividend was Thursday, September 8th. This represents a yield of 3.22%.
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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