Phoenix Group Holdings (LON:PHNX)‘s stock had its “overweight” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research note issued on Wednesday, May 10th. They presently have a GBX 826 ($10.66) price target on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 10.50% from the stock’s previous close.
Other research analysts have also issued reports about the stock. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 785 ($10.13) price target on shares of Phoenix Group Holdings in a report on Monday, March 20th. Canaccord Genuity lifted their price target on shares of Phoenix Group Holdings from GBX 800 ($10.33) to GBX 840 ($10.84) and gave the company a “buy” rating in a report on Tuesday, March 21st. Berenberg Bank raised shares of Phoenix Group Holdings to a “buy” rating and lifted their price target for the company from GBX 759 ($9.80) to GBX 821 ($10.60) in a report on Monday, January 23rd. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 673 ($8.69) price target on shares of Phoenix Group Holdings in a report on Wednesday, February 22nd. Finally, Deutsche Bank AG lifted their price target on shares of Phoenix Group Holdings from GBX 835 ($10.78) to GBX 875 ($11.29) and gave the company a “buy” rating in a report on Wednesday, March 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Phoenix Group Holdings currently has an average rating of “Buy” and an average price target of GBX 820 ($10.58).
Shares of Phoenix Group Holdings (LON:PHNX) opened at 747.50 on Wednesday. Phoenix Group Holdings has a 52-week low of GBX 610.22 and a 52-week high of GBX 817.48. The stock has a 50 day moving average price of GBX 744.31 and a 200-day moving average price of GBX 746.76. The firm’s market cap is GBX 2.93 billion.
The business also recently declared a dividend, which was paid on Monday, May 15th. Stockholders of record on Thursday, March 30th were paid a GBX 23.90 ($0.31) dividend. This represents a dividend yield of 3%. The ex-dividend date was Thursday, March 30th.
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In other news, insider Clive Bannister sold 61,823 shares of the company’s stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of GBX 774 ($9.99), for a total value of £478,510.02 ($617,671.38). Also, insider John Pollock purchased 10,000 shares of Phoenix Group Holdings stock in a transaction dated Monday, April 3rd. The stock was bought at an average cost of GBX 745 ($9.62) per share, with a total value of £74,500 ($96,166.26). Over the last ninety days, insiders bought 15,053 shares of company stock valued at $11,399,972.
About Phoenix Group Holdings
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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