TASE:PHOEInsurance
Phoenix Holdings (TASE:PHOE) Valuation Check After ₪300 Million Share Buyback Approval
Phoenix Financial (TASE:PHOE) is back in focus after its board approved and then formally announced a share repurchase program of up to ₪300 million, funded through a mix of loan financing and internal resources.
See our latest analysis for Phoenix Financial.
The buyback announcement comes after a strong period, with a 90 day share price return of 10.63% and a very large 1 year total shareholder return of about 7x. This suggests momentum has been building rather than fading.
If this kind of...