Phoenix Group Holdings Rating Reiterated by Investec (PHNX)
Phoenix Group Holdings (LON:PHNX)‘s stock had its “hold” rating reiterated by investment analysts at Investec in a note issued to investors on Tuesday. They currently have a GBX 120 ($2.02) price target on the stock. Investec’s price objective indicates a potential downside of 81.65% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Phoenix Group Holdings in a research note on Wednesday, June 4th. They now have a GBX 750 ($12.61) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Phoenix Group Holdings in a research note on Thursday, May 1st. They now have a GBX 735 ($12.36) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “hold” rating on shares of Phoenix Group Holdings in a research note on Thursday, April 17th. They now have a GBX 750 ($12.61) price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Phoenix Group Holdings has a consensus rating of “Hold” and a consensus target price of GBX 620.67 ($10.43).
Phoenix Group Holdings (LON:PHNX) traded up 0.31% on Tuesday, hitting GBX 656.00. 137,684 shares of the company’s stock traded hands. Phoenix Group Holdings has a one year low of GBX 560.52 and a one year high of GBX 810.0001. The stock has a 50-day moving average of GBX 658.7 and a 200-day moving average of GBX 699.2. The company’s market cap is £1.465 billion.
Phoenix Group Holdings is a United Kingdom-based company that acquires and manages closed life insurance businesses that are in run-off.
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