Shares of Phoenix Group Holdings (LON:PHNX) have received a consensus recommendation of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 789.75 ($10.32).
Several equities analysts have commented on the stock. Barclays dropped their target price on shares of Phoenix Group from GBX 664 ($8.68) to GBX 657 ($8.58) and set an “equal weight” rating on the stock in a research report on Tuesday, September 3rd. Deutsche Bank restated a “hold” rating on shares of Phoenix Group in a research report on Tuesday, September 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a GBX 820 ($10.71) price target on shares of Phoenix Group in a research report on Friday, August 9th.
In other news, insider Jim McConville sold 34,514 shares of Phoenix Group stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of GBX 696 ($9.09), for a total transaction of £240,217.44 ($313,886.63).
Phoenix Group (LON:PHNX) last issued its quarterly earnings results on Wednesday, August 7th. The company reported GBX 3.70 ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of GBX 11.70 ($0.15) by GBX (8) (($0.10)).
The business also recently disclosed a dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, August 15th will be issued a dividend of GBX 23.40 ($0.31) per share. This represents a dividend yield of 3.47%. The ex-dividend date of this dividend is Thursday, August 15th. Phoenix Group’s dividend payout ratio is currently 0.81%.
Phoenix Group Company Profile
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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