Phoenix Group Holdings plc (LON:PHNX – Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as GBX 500 ($6.19) and last traded at GBX 528.40 ($6.55), with a volume of 1371202 shares changing hands. The stock had previously closed at GBX 536 ($6.64).
Wall Street Analysts Forecast Growth
Several analysts have recently commented on the company. Barclays increased their price objective on Phoenix Group from GBX 715 ($8.86) to GBX 718 ($8.89) and gave the company an “overweight” rating in a report on Thursday, September 7th. Berenberg Bank reiterated a “buy” rating and set a GBX 770 ($9.54) price objective on shares of Phoenix Group in a report on Thursday, September 14th. Finally, Bank of America increased their price objective on Phoenix Group from GBX 620 ($7.68) to GBX 640 ($7.93) and gave the company a “buy” rating in a report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 685.50 ($8.49).
Check Out Our Latest Stock Analysis on PHNX
Phoenix Group Stock Performance
Phoenix Group Dividend Announcement
The company also recently announced a dividend, which will be paid on Monday, October 23rd. Investors of record on Thursday, September 28th will be given a GBX 26 ($0.32) dividend. This represents a dividend yield of 4.83%. The ex-dividend date is Thursday, September 28th. Phoenix Group’s payout ratio is -2,810.81%.
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.
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