Barclays Reaffirms “Overweight” Rating for Phoenix Group (LON:PHNX)

Barclays reaffirmed their overweight rating on shares of Phoenix Group (LON:PHNXGet Rating) in a research report report published on Tuesday morning, MarketBeat.com reports. They currently have a GBX 780 ($9.42) target price on the stock.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. downgraded shares of Phoenix Group to a neutral rating and dropped their price objective for the stock from GBX 800 ($9.67) to GBX 775 ($9.36) in a report on Monday, August 8th. Berenberg Bank restated a buy rating and set a GBX 815 ($9.85) price objective on shares of Phoenix Group in a report on Tuesday. Finally, Royal Bank of Canada restated an outperform rating and set a GBX 770 ($9.30) price objective on shares of Phoenix Group in a report on Friday, May 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Phoenix Group presently has an average rating of Moderate Buy and a consensus price target of GBX 755.83 ($9.13).

Phoenix Group Stock Down 0.7 %

Phoenix Group stock opened at GBX 662.80 ($8.01) on Tuesday. The firm has a fifty day moving average price of GBX 622.13 and a two-hundred day moving average price of GBX 626.42. Phoenix Group has a fifty-two week low of GBX 559.20 ($6.76) and a fifty-two week high of GBX 704.40 ($8.51). The company has a debt-to-equity ratio of 63.88, a current ratio of 0.23 and a quick ratio of 0.08. The firm has a market cap of £6.63 billion and a price-to-earnings ratio of -7.67.

Phoenix Group Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, September 12th. Investors of record on Thursday, August 25th will be paid a GBX 24.80 ($0.30) dividend. The ex-dividend date is Thursday, August 25th. This represents a yield of 3.64%. Phoenix Group’s payout ratio is currently -0.56%.

Phoenix Group Company Profile

(Get Rating)

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.

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Analyst Recommendations for Phoenix Group (LON:PHNX)

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