JPMorgan Chase & Co. Reiterates Overweight Rating for Phoenix Group Holdings (PHNX)
Phoenix Group Holdings (LON:PHNX)‘s stock had its “overweight” rating restated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, StockRatingsNetwork reports. They currently have a GBX 915 ($15.01) price objective on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 24.50% from the company’s current price.
Phoenix Group Holdings (LON:PHNX) traded down 0.47% during mid-day trading on Tuesday, hitting GBX 735.00. 110,056 shares of the company’s stock traded hands. Phoenix Group Holdings has a 52-week low of GBX 538.146 and a 52-week high of GBX 810.0001. The stock’s 50-day moving average is GBX 707. and its 200-day moving average is GBX 727.5. The company’s market cap is £1.536 billion.
A number of other firms have also recently commented on PHNX. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Phoenix Group Holdings in a research note to investors on Wednesday, December 11th. They now have a GBX 865 ($14.19) price target on the stock. Separately, analysts at Barclays reiterated an “underweight” rating on shares of Phoenix Group Holdings in a research note to investors on Tuesday, December 3rd. They now have a GBX 613 ($10.05) price target on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 637.33 ($10.45).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.