Phoenix Group Holdings plc (LON:PHNX) Declares Dividend of GBX 26

Phoenix Group Holdings plc (LON:PHNX) announced a dividend on Monday, September 18th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 28th will be paid a dividend of GBX 26 ($0.32) per share on Monday, October 23rd. This represents a yield of 4.83%. The ex-dividend date is Thursday, September 28th. The official announcement can be accessed at this link.

Phoenix Group Trading Up 2.2 %

LON:PHNX opened at GBX 538 ($6.66) on Tuesday. The stock has a market cap of £5.38 billion, a price-to-earnings ratio of -286.09, a price-to-earnings-growth ratio of 1.95 and a beta of 0.78. Phoenix Group has a one year low of GBX 501 ($6.21) and a one year high of GBX 647 ($8.01). 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 business’s 50-day simple moving average is GBX 530.79 and its 200 day simple moving average is GBX 552.66.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PHNX. Barclays increased their price objective on shares of Phoenix Group from GBX 715 ($8.86) to GBX 718 ($8.89) and gave the company an “overweight” rating in a research note on Thursday, September 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 770 ($9.54) price target on shares of Phoenix Group in a research note on Thursday, September 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Phoenix Group currently has a consensus rating of “Hold” and a consensus price target of GBX 694.60 ($8.60).

About Phoenix Group

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.