Phoenix Group Holdings plc (LON:PHNX) Receives Average Rating of “Moderate Buy” from Analysts

Phoenix Group Holdings plc (LON:PHNXGet Rating) has been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 765 ($9.24).

A number of research firms have issued reports on PHNX. JPMorgan Chase & Co. reduced their target price on shares of Phoenix Group from GBX 775 ($9.36) to GBX 770 ($9.30) and set a “neutral” rating on the stock in a report on Wednesday, August 17th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 750 ($9.06) price objective on shares of Phoenix Group in a report on Tuesday, August 16th. Barclays restated an “overweight” rating and issued a GBX 780 ($9.42) price objective on shares of Phoenix Group in a report on Tuesday, August 30th. Berenberg Bank restated a “buy” rating and issued a GBX 815 ($9.85) price objective on shares of Phoenix Group in a report on Tuesday, August 16th. Finally, Royal Bank of Canada raised their price objective on shares of Phoenix Group from GBX 700 ($8.46) to GBX 710 ($8.58) and gave the company an “outperform” rating in a report on Wednesday, August 17th.

Phoenix Group Price Performance

Phoenix Group stock opened at GBX 599.40 ($7.24) on Friday. The firm has a market cap of ¬£6.00 billion and a PE ratio of -6.95. Phoenix Group has a 52-week low of GBX 559.20 ($6.76) and a 52-week high of GBX 704.40 ($8.51). The company has a quick ratio of 0.12, a current ratio of 0.27 and a debt-to-equity ratio of 73.43. The company’s 50 day moving average is GBX 626.91 and its two-hundred day moving average is GBX 621.52.

Phoenix Group Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, September 12th. Investors of record on Thursday, August 25th were given a GBX 24.80 ($0.30) dividend. This represents a dividend yield of 3.64%. The ex-dividend date was Thursday, August 25th. Phoenix Group’s dividend payout ratio (DPR) is -0.57%.

Phoenix Group Company Profile

(Get Rating)

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It provides a range of pensions and savings products to support people across various stages of the savings life cycle.

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Analyst Recommendations for Phoenix Group (LON:PHNX)

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