Phoenix Group Holdings’ (PHNX) “Buy” Rating Reiterated at Deutsche Bank AG

Deutsche Bank AG reiterated their buy rating on shares of Phoenix Group Holdings (LON:PHNX) in a research report sent to investors on Monday. Deutsche Bank AG currently has a GBX 875 ($11.38) price target on the stock.

PHNX has been the topic of a number of other reports. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 826 ($10.75) price objective on shares of Phoenix Group Holdings in a research report on Wednesday, May 10th. Berenberg Bank reissued a buy rating and issued a GBX 821 ($10.68) price objective on shares of Phoenix Group Holdings in a research report on Thursday, February 9th. Barclays PLC reissued an underweight rating and issued a GBX 673 ($8.76) price objective on shares of Phoenix Group Holdings in a research report on Wednesday, February 22nd. Canaccord Genuity increased their price objective on shares of Phoenix Group Holdings from GBX 800 ($10.41) to GBX 840 ($10.93) and gave the company a buy rating in a research report on Tuesday, March 21st. Finally, Numis Securities Ltd reissued a hold rating and issued a GBX 785 ($10.21) price objective on shares of Phoenix Group Holdings in a research report on Monday, March 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 820 ($10.67).

Shares of Phoenix Group Holdings (LON:PHNX) opened at 766.00 on Monday. The firm’s market capitalization is GBX 3.00 billion. Phoenix Group Holdings has a 52 week low of GBX 610.22 and a 52 week high of GBX 817.48. The firm has a 50-day moving average of GBX 745.09 and a 200 day moving average of GBX 747.91.

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The company also recently disclosed a dividend, which was paid on Monday, May 15th. Shareholders of record on Thursday, March 30th were given a dividend of GBX 23.90 ($0.31) per share. The ex-dividend date was Thursday, March 30th. This represents a yield of 3%.

In related news, insider Nicholas Shott purchased 5,000 shares of the business’s stock in a transaction dated Monday, March 27th. The stock was acquired at an average price of GBX 782 ($10.17) per share, for a total transaction of £39,100 ($50,865.10). Also, insider Clive Bannister sold 61,823 shares of the stock in a transaction dated Wednesday, March 29th. The shares were sold at an average price of GBX 774 ($10.07), for a total transaction of £478,510.02 ($622,492.55). In the last 90 days, insiders have acquired 15,053 shares of company stock valued at $11,399,972.

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.

12 Month Chart for LON:PHNX

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