Phoenix Group (LON:PHNX) Price Target Raised to GBX 510

Phoenix Group (LON:PHNX) had its price target upped by JPMorgan Chase & Co. from GBX 505 ($6.67) to GBX 510 ($6.74) in a research report released on Wednesday morning, MarketBeat reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Phoenix Group Price Performance

PHNX opened at GBX 549 ($7.25) on Wednesday. Phoenix Group has a twelve month low of GBX 436.40 ($5.76) and a twelve month high of GBX 581.22 ($7.68). The firm has a market cap of £5.49 billion, a price-to-earnings ratio of -3,921.43, a PEG ratio of 1.95 and a beta of 0.73. The company has a current ratio of 0.19, a quick ratio of 0.12 and a debt-to-equity ratio of 176.72. The company has a fifty day simple moving average of GBX 549.32 and a 200 day simple moving average of GBX 523.84.

Phoenix Group Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 3rd will be paid a GBX 26.65 ($0.35) dividend. This represents a dividend yield of 4.62%. The ex-dividend date is Thursday, October 3rd. Phoenix Group’s dividend payout ratio (DPR) is -37,857.14%.

Phoenix Group Company Profile

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through five segments: Retirement Solutions, Pensions & Savings, With-Profits, SunLife & Protection, and Europe & Other. It provides a range of savings and retirement income products to support people across various stages of the savings life cycle.