Phoenix Group Holdings (LON:PHNX) has received an average rating of “Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 803 ($10.37).

Several research analysts have issued reports on the stock. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 837 ($10.81) price objective on shares of Phoenix Group Holdings in a research report on Friday, August 25th. Shore Capital reissued a “buy” rating on shares of Phoenix Group Holdings in a research report on Thursday, August 24th. HSBC Holdings plc reissued a “hold” rating and set a GBX 790 ($10.20) price objective on shares of Phoenix Group Holdings in a research report on Tuesday, June 13th. Deutsche Bank AG reissued a “buy” rating and set a GBX 875 ($11.30) price objective on shares of Phoenix Group Holdings in a research report on Monday, May 22nd. Finally, Numis Securities Ltd reissued a “hold” rating and set a GBX 785 ($10.14) price objective on shares of Phoenix Group Holdings in a research report on Tuesday, July 18th.

In other news, insider Stephen Jefford bought 194 shares of the stock in a transaction dated Thursday, July 6th. The shares were acquired at an average price of GBX 771 ($9.96) per share, with a total value of £1,495.74 ($1,931.73). In the last ninety days, insiders bought 249 shares of company stock worth $192,293.

Phoenix Group Holdings (PHNX) remained flat at GBX 740.50 during trading on Wednesday. 1,714,783 shares of the stock traded hands. The stock’s market cap is GBX 2.90 billion. The stock’s 50 day moving average is GBX 767.35 and its 200 day moving average is GBX 763.65. Phoenix Group Holdings has a 12-month low of GBX 691.00 and a 12-month high of GBX 817.48.

The company also recently announced a dividend, which will be paid on Monday, October 2nd. Stockholders of record on Thursday, September 7th will be issued a GBX 25.10 ($0.32) dividend. This is an increase from Phoenix Group Holdings’s previous dividend of $23.90. The ex-dividend date is Thursday, September 7th. This represents a dividend yield of 3.24%.

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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.

Analyst Recommendations for Phoenix Group Holdings (LON:PHNX)

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