Phoenix Group Holdings (PHNX) Rating Reiterated by J P Morgan Chase & Co
J P Morgan Chase & Co reaffirmed their overweight rating on shares of Phoenix Group Holdings (LON:PHNX) in a research note published on Friday morning. J P Morgan Chase & Co currently has a GBX 837 ($10.83) price objective on the stock.
PHNX has been the topic of several other reports. Shore Capital restated a buy rating on shares of Phoenix Group Holdings in a report on Thursday, August 24th. Deutsche Bank AG restated a buy rating and set a GBX 875 ($11.32) target price on shares of Phoenix Group Holdings in a report on Tuesday, May 16th. Barclays PLC restated an underweight rating and set a GBX 673 ($8.70) target price on shares of Phoenix Group Holdings in a report on Wednesday, June 28th. HSBC Holdings plc restated a hold rating and set a GBX 790 ($10.22) target price on shares of Phoenix Group Holdings in a report on Tuesday, June 13th. Finally, Numis Securities Ltd restated a hold rating and set a GBX 785 ($10.15) target price on shares of Phoenix Group Holdings in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Phoenix Group Holdings presently has an average rating of Buy and a consensus price target of GBX 803 ($10.39).
Phoenix Group Holdings (LON PHNX) opened at 775.00 on Friday. Phoenix Group Holdings has a 52 week low of GBX 691.00 and a 52 week high of GBX 817.48. The stock’s 50 day moving average is GBX 767.49 and its 200-day moving average is GBX 764.84. The stock’s market capitalization is GBX 3.04 billion.
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The business also recently announced a dividend, which will be paid on Monday, October 2nd. Shareholders of record on Thursday, September 7th will be issued a dividend of GBX 25.10 ($0.32) per share. This is an increase from Phoenix Group Holdings’s previous dividend of $23.90. This represents a yield of 3.24%. The ex-dividend date is Thursday, September 7th.
In related news, insider Stephen Jefford bought 194 shares of the company’s stock in a transaction on Thursday, July 6th. The shares were purchased at an average cost of GBX 771 ($9.97) per share, for a total transaction of £1,495.74 ($1,934.48). Insiders have acquired a total of 250 shares of company stock worth $192,908 over the last 90 days.
Phoenix Group Holdings Company Profile
Phoenix Group Holdings is a consolidator of closed life assurance funds specializing in the management and acquisition of closed life and pension funds. The Company’s segment: life assurance (including its management services operations) is referred to as Phoenix Life. It has four operating life companies, which hold policyholder assets and a distribution business, SunLife.
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