Phoenix Group Holdings (LON:PHNX) insider Rakesh Thakrar sold 9,002 shares of Phoenix Group stock in a transaction on Thursday, October 4th. The stock was sold at an average price of GBX 667 ($8.69), for a total value of £60,043.34 ($78,211.98).
Rakesh Thakrar also recently made the following trade(s):
- On Wednesday, September 5th, Rakesh Thakrar bought 21 shares of Phoenix Group stock. The shares were acquired at an average price of GBX 704 ($9.17) per share, for a total transaction of £147.84 ($192.58).
Shares of Phoenix Group stock opened at GBX 664 ($8.65) on Monday. Phoenix Group Holdings has a 52-week low of GBX 719 ($9.37) and a 52-week high of GBX 820 ($10.68).
The company also recently disclosed a dividend, which was paid on Monday, October 1st. Investors of record on Thursday, September 6th were paid a GBX 22.60 ($0.29) dividend. This represents a yield of 3.2%. The ex-dividend date of this dividend was Thursday, September 6th.
A number of research firms have recently commented on PHNX. Deutsche Bank reiterated a “hold” rating and set a GBX 700.50 ($9.12) target price (down from GBX 740 ($9.64)) on shares of Phoenix Group in a research note on Friday, August 24th. Barclays lifted their target price on Phoenix Group from GBX 664 ($8.65) to GBX 667 ($8.69) and gave the stock an “underweight” rating in a research note on Wednesday, July 18th. Numis Securities upgraded Phoenix Group to an “add” rating and lowered their price objective for the company from GBX 838 ($10.92) to GBX 755 ($9.83) in a research note on Friday, July 13th. Finally, Royal Bank of Canada upgraded Phoenix Group to a “top pick” rating and set a GBX 820 ($10.68) price objective on the stock in a research note on Monday, July 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 791.79 ($10.31).
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 also provides financing services. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings in March 2010. Phoenix Group Holdings was founded in 1782 and is headquartered in London, the United Kingdom.
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