Phoenix Group Holdings Stock Rating Reaffirmed by Canaccord Genuity (PHNX)
Phoenix Group Holdings (LON:PHNX)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a research report issued to clients and investors on Friday, Analyst Ratings Network reports. They currently have a GBX 785 ($12.67) price target on the stock. Canaccord Genuity’s target price suggests a potential upside of 6.51% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank reiterated a “hold” rating on shares of Phoenix Group Holdings (LON:PHNX) in a research note to investors on Friday, September 27th. They now have a GBX 750 ($12.10) price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Phoenix Group Holdings (LON:PHNX) from GBX 564 ($9.10) to GBX 790 ($12.75) in a research note to investors on Friday, August 30th. They now have an “equal weight” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Phoenix Group Holdings currently has an average rating of “Hold” and an average price target of GBX 632.67 ($10.21).
Shares of Phoenix Group Holdings (LON:PHNX) traded up 0.47% during mid-day trading on Friday, hitting GBX 740.50. The stock had a trading volume of 80,231 shares. Phoenix Group Holdings has a 52 week low of GBX 468.928 and a 52 week high of GBX 791.50. The stock’s 50-day moving average is GBX 750.2 and its 200-day moving average is GBX 678.1. The company’s market cap is £1.548 billion.
Phoenix Group Holdings, previously the Pearl Group, is a United Kingdom-based company that acquires and manages closed life insurance businesses that are in run-off.
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