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Phoenix Group Holdings ( (GB:PHNX) ) has issued an announcement.
Phoenix Group Holdings plc announced a notification regarding transactions by persons discharging managerial responsibilities and their closely associated persons under the UK Markets Abuse Regulation. The announcement detailed the purchase of ordinary shares under the company’s Share Incentive Plan (SIP) by Computershare Trustees Limited, with shares being acquired at a price of 659.501 pence each. This initiative allows eligible employees to purchase ‘Partnership Shares’ with matching contributions from the company, enhancing employee engagement and aligning their interests with the company’s performance.
The most recent analyst rating on (GB:PHNX) stock is a Hold with a £660.00 price target. To see the full list of analyst forecasts on Phoenix Group Holdings stock, see the GB:PHNX Stock Forecast page.
Spark’s Take on GB:PHNX Stock
According to Spark, TipRanks’ AI Analyst, GB:PHNX is a Neutral.
Phoenix Group Holdings’ overall stock score is driven by strong earnings call insights and improved cash flow, despite weak profitability and valuation concerns. The company’s strategic progress and high dividend yield provide some positive outlook, but financial stability risks and ongoing losses weigh on the score.
To see Spark’s full report on GB:PHNX stock, click here.
More about Phoenix Group Holdings
Phoenix Group Holdings plc operates in the financial services industry, focusing primarily on life insurance and pension funds. The company is known for managing closed life insurance funds and providing retirement solutions, with a significant market presence in the UK.
Average Trading Volume: 2,494,428
Technical Sentiment Signal: Buy
Current Market Cap: £6.63B
For a thorough assessment of PHNX stock, go to TipRanks’ Stock Analysis page.