Phoenix Group (LON:PHNX) Rating Reiterated by Deutsche Bank

Deutsche Bank reiterated their hold rating on shares of Phoenix Group (LON:PHNX) in a research note issued to investors on Monday, ThisIsMoney.Co.Uk reports.

PHNX has been the subject of a number of other research reports. Barclays reduced their price objective on Phoenix Group from GBX 662 ($8.71) to GBX 658 ($8.66) and set an equal weight rating for the company in a research note on Monday, February 10th. Shore Capital restated an under review rating on shares of Phoenix Group in a report on Friday, December 6th. JPMorgan Chase & Co. upped their target price on Phoenix Group from GBX 846 ($11.13) to GBX 904 ($11.89) and gave the stock an overweight rating in a research report on Friday, December 6th. Royal Bank of Canada reiterated an outperform rating on shares of Phoenix Group in a report on Friday, March 20th. Finally, Peel Hunt reissued a reduce rating on shares of Phoenix Group in a research report on Wednesday, March 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average target price of GBX 749.40 ($9.86).

PHNX stock opened at GBX 622.20 ($8.18) on Monday. The stock’s 50 day simple moving average is GBX 688.47 and its 200 day simple moving average is GBX 712.23. Phoenix Group has a fifty-two week low of GBX 459.05 ($6.04) and a fifty-two week high of GBX 806 ($10.60). The company has a debt-to-equity ratio of 41.95, a quick ratio of 0.04 and a current ratio of 0.18. The company has a market cap of $4.02 billion and a P/E ratio of 72.35.

The firm also recently announced a dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Thursday, April 2nd will be given a dividend of GBX 23.40 ($0.31) per share. This represents a dividend yield of 3.54%. The ex-dividend date of this dividend is Thursday, April 2nd. Phoenix Group’s payout ratio is presently 5.47%.

In other Phoenix Group news, insider Kory Sorenson bought 1,200 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average price of GBX 475 ($6.25) per share, for a total transaction of £5,700 ($7,498.03).

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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Analyst Recommendations for Phoenix Group (LON:PHNX)

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