Shares of Phoenix Group Holdings (LON:PHNX) have earned a consensus recommendation of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 799 ($10.44).
A number of research firms have commented on PHNX. Deutsche Bank reissued a “hold” rating on shares of Phoenix Group in a research note on Friday, July 12th. Royal Bank of Canada restated an “outperform” rating and issued a GBX 820 ($10.71) price objective on shares of Phoenix Group in a report on Friday, August 9th.
In related news, insider Clive Bannister sold 24,878 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of GBX 668 ($8.73), for a total transaction of £166,185.04 ($217,150.19). Also, insider Jim McConville sold 34,514 shares of the company’s stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of GBX 696 ($9.09), for a total transaction of £240,217.44 ($313,886.63).
Shares of PHNX traded up GBX 15.20 ($0.20) during trading hours on Wednesday, reaching GBX 671.80 ($8.78). 1,315,291 shares of the stock traded hands, compared to its average volume of 1,360,000. The company has a current ratio of 0.19, a quick ratio of 0.09 and a debt-to-equity ratio of 38.77. The stock has a fifty day simple moving average of GBX 701.95 and a 200 day simple moving average of GBX 689.34. Phoenix Group has a 52 week low of GBX 537.50 ($7.02) and a 52 week high of GBX 735.20 ($9.61). The company has a market cap of $4.85 billion and a price-to-earnings ratio of 11.54.
Phoenix Group (LON:PHNX) last announced its quarterly earnings data on Wednesday, August 7th. The company reported GBX 3.70 ($0.05) EPS for the quarter, missing the consensus estimate of GBX 11.70 ($0.15) by GBX (8) (($0.10)). Analysts predict that Phoenix Group will post 2654.9998897 earnings per share for the current fiscal year.
The firm also recently disclosed a dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, August 15th will be issued a GBX 23.40 ($0.31) dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a dividend yield of 3.47%. Phoenix Group’s payout ratio is 0.81%.
About Phoenix Group
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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