Phoenix Group Holdings plc (LON:PHNX) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Phoenix Group Holdings plc (LON:PHNX – Get Rating) have been given a consensus recommendation of “Hold” by the six research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is GBX 713.33 ($8.87).

A number of research firms have recently weighed in on PHNX. JPMorgan Chase & Co. lowered their price target on Phoenix Group from GBX 665 ($8.27) to GBX 655 ($8.15) and set a “neutral” rating for the company in a report on Tuesday, March 14th. Morgan Stanley reaffirmed an “underweight” rating and set a GBX 650 ($8.08) target price on shares of Phoenix Group in a research note on Tuesday, March 28th. Berenberg Bank boosted their price target on shares of Phoenix Group from GBX 815 ($10.14) to GBX 820 ($10.20) and gave the company a “buy” rating in a research note on Monday, January 30th. Finally, Barclays lowered their price objective on shares of Phoenix Group from GBX 790 ($9.83) to GBX 765 ($9.51) and set an “overweight” rating for the company in a research report on Tuesday, February 14th.

Insider Activity at Phoenix Group

In other Phoenix Group news, insider Rakesh Thakrar sold 8,878 shares of the stock in a transaction that occurred on Monday, March 27th. The shares were sold at an average price of GBX 547 ($6.80), for a total transaction of £48,562.66 ($60,401.32). In related news, insider Nicholas Shott acquired 107,427 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was acquired at an average price of GBX 602 ($7.49) per share, for a total transaction of £646,710.54 ($804,366.34). Also, insider Rakesh Thakrar sold 8,878 shares of the business’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of GBX 547 ($6.80), for a total value of £48,562.66 ($60,401.32). Company insiders own 14.92% of the company’s stock.

Phoenix Group Trading Down 2.6 %

Shares of Phoenix Group stock opened at GBX 566.20 ($7.04) on Wednesday. Phoenix Group has a fifty-two week low of GBX 501 ($6.23) and a fifty-two week high of GBX 690.40 ($8.59). The company has a debt-to-equity ratio of 161.58, a quick ratio of 0.12 and a current ratio of 0.25. The firm has a market capitalization of £5.66 billion, a price-to-earnings ratio of -307.62, a PEG ratio of 1.95 and a beta of 0.79. The stock has a 50 day moving average of GBX 567.81 and a 200 day moving average of GBX 597.06.

Phoenix Group Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 10th. Stockholders of record on Thursday, March 30th were given a dividend of GBX 26 ($0.32) per share. This represents a dividend yield of 4.21%. The ex-dividend date of this dividend was Thursday, March 30th. This is a boost from Phoenix Group’s previous dividend of $24.80. Phoenix Group’s dividend payout ratio is currently -2,810.81%.

About Phoenix Group

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Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It provides a range of pensions and savings products to support people across various stages of the savings life cycle.