Phoenix Group (LON:PHNX) Given New GBX 510 Price Target at JPMorgan Chase & Co.

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 note issued to investors on Wednesday, MarketBeat reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Phoenix Group Stock Performance

Shares of Phoenix Group stock opened at GBX 549 ($7.25) on Wednesday. The firm has a market cap of £5.49 billion, a PE ratio of -3,921.43, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company has a quick ratio of 0.12, a current ratio of 0.19 and a debt-to-equity ratio of 176.72. Phoenix Group has a 52 week low of GBX 436.40 ($5.76) and a 52 week high of GBX 581.22 ($7.68). The business’s fifty day simple moving average is GBX 549.26 and its 200-day simple moving average is GBX 523.66.

Phoenix Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 3rd will be paid a dividend of GBX 26.65 ($0.35) per share. This represents a yield of 4.62%. The ex-dividend date of this dividend is Thursday, October 3rd. Phoenix Group’s dividend payout ratio (DPR) is presently -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.