Phoenix Group Holdings Rating Reiterated by JPMorgan Chase & Co. (PHNX)
Phoenix Group Holdings (LON:PHNX)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a report released on Monday, Analyst RN reports. They currently have a GBX 915 ($15.01) price objective on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 24.49% from the company’s current price.
Phoenix Group Holdings (LON:PHNX) traded down 0.06% during mid-day trading on Monday, hitting GBX 734.55. 370,039 shares of the company’s stock traded hands. Phoenix Group Holdings has a 52-week low of GBX 603.451 and a 52-week high of GBX 810.0001. The stock’s 50-day moving average is GBX 731.8 and its 200-day moving average is GBX 737.7. The company’s market cap is £1.535 billion.
A number of other analysts have also recently weighed in 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 ($10.06) price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. Phoenix Group Holdings has an average rating of “Hold” and a consensus target price of GBX 637.33 ($10.46).
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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