Phoenix Group Holdings’s Hold Rating Reaffirmed at Investec (PHNX)
Phoenix Group Holdings (LON:PHNX)‘s stock had its “hold” rating reaffirmed by investment analysts at Investec in a note issued to investors on Tuesday. They currently have a GBX 120 ($2.01) price target on the stock. Investec’s target price points to a potential downside of 83.22% from the stock’s previous close.
PHNX has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Phoenix Group Holdings in a research note on Thursday, July 24th. They now have a GBX 800 ($13.42) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Phoenix Group Holdings in a research note on Thursday, July 24th. They now have a GBX 750 ($12.58) price target on the stock. Finally, analysts at Berenberg Bank upgraded shares of Phoenix Group Holdings to a “buy” rating in a research note on Thursday, July 17th. They now have a GBX 750 ($12.58) price target on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Phoenix Group Holdings has an average rating of “Hold” and a consensus price target of GBX 620.67 ($10.41).
Phoenix Group Holdings (LON:PHNX) traded up 0.14% during mid-day trading on Tuesday, hitting GBX 716.00. The stock had a trading volume of 230,583 shares. Phoenix Group Holdings has a 1-year low of GBX 560.52 and a 1-year high of GBX 853.50. The stock has a 50-day moving average of GBX 665.9 and a 200-day moving average of GBX 681.8. The company’s market cap is £1.599 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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