Phoenix Group Holdings’ (PHNX) Buy Rating Reaffirmed at Canaccord Genuity
Canaccord Genuity reiterated their buy rating on shares of Phoenix Group Holdings (LON:PHNX) in a research note released on Wednesday. The brokerage currently has a GBX 930 ($12.14) target price on the stock.
Several other equities analysts have also weighed in on PHNX. Shore Capital reaffirmed a hold rating on shares of Phoenix Group Holdings in a research note on Friday, June 24th. Deutsche Bank AG reduced their price objective 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 note on Wednesday, June 29th. HSBC reduced their price objective 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 note on Wednesday, June 29th. Finally, Numis Securities Ltd initiated coverage on Phoenix Group Holdings in a research note on Tuesday, September 13th. They issued an add rating and a GBX 938 ($12.24) price objective on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned 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 870.25 on Wednesday. The company has a 50-day moving average price of GBX 852.78 and a 200-day moving average price of GBX 848.58. Phoenix Group Holdings has a one year low of GBX 717.50 and a one year high of GBX 952.00. The firm’s market capitalization is GBX 1.98 billion.
The business also recently announced a dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 8th were issued a dividend of GBX 26.70 ($0.35) per share. The ex-dividend date was Thursday, September 8th. This represents a dividend yield of 3.22%.
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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