Deutsche Bank restated their hold rating on shares of Phoenix Group (LON:PHNX) in a research note published on Monday morning, ThisIsMoney.Co.Uk reports.
PHNX has been the topic of a number of other research reports. JPMorgan Chase & Co. lifted their price target on Phoenix Group from GBX 846 ($11.13) to GBX 904 ($11.89) and gave the company an overweight rating in a report on Friday, December 6th. Peel Hunt restated a reduce rating on shares of Phoenix Group in a research report on Wednesday, March 18th. Royal Bank of Canada reaffirmed an outperform rating on shares of Phoenix Group in a research note on Friday, March 20th. Barclays dropped their target price on Phoenix Group from GBX 662 ($8.71) to GBX 658 ($8.66) and set an equal weight rating on the stock in a report on Monday, February 10th. Finally, Shore Capital reissued an under review rating on shares of Phoenix Group in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Phoenix Group presently has a consensus rating of Hold and an average target price of GBX 749.40 ($9.86).
Shares of LON:PHNX opened at GBX 622.20 ($8.18) on Monday. The company’s fifty day moving average is GBX 685.32 and its two-hundred day moving average is GBX 712.11. The company has a market cap of $4.49 billion and a P/E ratio of 72.35. Phoenix Group has a 12-month low of GBX 459.05 ($6.04) and a 12-month high of GBX 806 ($10.60). The company has a quick ratio of 0.04, a current ratio of 0.18 and a debt-to-equity ratio of 41.95.
The business also recently declared a dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Thursday, April 2nd will be paid a GBX 23.40 ($0.31) dividend. This represents a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, April 2nd. Phoenix Group’s dividend payout ratio (DPR) is presently 5.47%.
In other news, insider Kory Sorenson acquired 1,200 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was acquired at an average cost of GBX 475 ($6.25) per share, for a total transaction of £5,700 ($7,498.03).
About Phoenix Group
Phoenix Group Holdings, a closed life assurance fund consolidator, acquires and manages closed life and pension funds primarily in the United Kingdom. It operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It also provides financing services. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings in March 2010.
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