Phoenix Group (LON:PHNX) Stock Price Up 0.8% - Still a Buy?

Phoenix Group Holdings plc (LON:PHNX - Get Free Report)'s share price shot up 0.8% during trading on Wednesday . The stock traded as high as GBX 521.50 ($6.65) and last traded at GBX 520.50 ($6.64). 2,501,780 shares traded hands during trading, a decline of 22% from the average session volume of 3,194,538 shares. The stock had previously closed at GBX 516.50 ($6.59).

Analysts Set New Price Targets

A number of research firms have issued reports on PHNX. JPMorgan Chase & Co. boosted their target price on Phoenix Group from GBX 505 ($6.44) to GBX 510 ($6.51) and gave the company an "underweight" rating in a research note on Wednesday, September 18th. The Goldman Sachs Group reiterated a "sell" rating on shares of Phoenix Group in a research report on Wednesday, September 18th.

Phoenix Group Stock Up 1.2 %

The firm has a market capitalization of £5.27 billion, a P/E ratio of -990.57, a PEG ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 132.01, a quick ratio of 0.12 and a current ratio of 0.19. The firm's 50-day moving average is GBX 515.30 and its 200 day moving average is GBX 525.92.

Phoenix Group Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Stockholders of record on Thursday, October 3rd were given a dividend of GBX 26.65 ($0.34) per share. The ex-dividend date was Thursday, October 3rd. This represents a dividend yield of 4.62%. Phoenix Group's dividend payout ratio is currently -10,000.00%.

About Phoenix Group

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.