Investec Reiterates “Hold” Rating for Phoenix IT Group plc (PNX)
Phoenix IT Group plc (LON:PNX)‘s stock had its “hold” rating reiterated by Investec in a research note issued on Tuesday. They currently have a GBX 120 ($2.01) target price on the stock. Investec’s price target would suggest a potential upside of 28.85% from the company’s current price.
A number of other firms have also recently commented on PNX. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Phoenix IT Group plc in a research note on Tuesday. They now have a GBX 95 ($1.59) price target on the stock. Separately, analysts at Westhouse Securities reiterated an “add” rating on shares of Phoenix IT Group plc in a research note on Tuesday. They now have a GBX 128 ($2.15) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Phoenix IT Group plc in a research note on Tuesday. They now have a GBX 139 ($2.33) price target on the stock. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 127 ($2.13).
Shares of Phoenix IT Group plc (LON:PNX) opened at 93.13 on Tuesday. Phoenix IT Group plc has a 52-week low of GBX 85.75 and a 52-week high of GBX 166.00. The stock has a 50-day moving average of GBX 89.98 and a 200-day moving average of GBX 106.2. The company’s market cap is £77.3 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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