Phoenix IT Group plc Stock Rating Reaffirmed by Westhouse Securities (PNX)
Phoenix IT Group plc (LON:PNX)‘s stock had its “add” rating reiterated by equities researchers at Westhouse Securities in a research report issued on Tuesday. They currently have a GBX 128 ($2.15) price objective on the stock. Westhouse Securities’ price objective suggests a potential upside of 35.81% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Investec cut their price target on shares of Phoenix IT Group plc from GBX 138 ($2.32) to GBX 120 ($2.02) in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, analysts at Numis Securities Ltd cut their price target on shares of Phoenix IT Group plc from GBX 130 ($2.19) to GBX 95 ($1.60) in a research note on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at N+1 Singer reiterated a “hold” rating on shares of Phoenix IT Group plc in a research note on Tuesday. They now have a GBX 130 ($2.19) price target on the stock. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 126.50 ($2.13).
Shares of Phoenix IT Group plc (LON:PNX) traded down 3.19% during mid-day trading on Tuesday, hitting GBX 91.00. The stock had a trading volume of 369,487 shares. Phoenix IT Group plc has a 1-year low of GBX 95.00 and a 1-year high of GBX 172.75. The stock has a 50-day moving average of GBX 108.4 and a 200-day moving average of GBX 118.5. The company’s market cap is £68.6 million.
Phoenix IT Group plc is a United Kingdom-based company is engaged in the provision of information technology and business continuity services.
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