Phoenix IT Group plc Receives Buy Rating from Panmure Gordon (PNX)
Phoenix IT Group plc (LON:PNX)‘s stock had its “buy” rating reaffirmed by analysts at Panmure Gordon in a research report issued to clients and investors on Tuesday. They currently have a GBX 139 ($2.33) target price on the stock. Panmure Gordon’s price target points to a potential upside of 49.25% from the company’s current price.
Phoenix IT Group plc (LON:PNX) traded down 0.28% on Tuesday, hitting GBX 90.25. The stock had a trading volume of 27,920 shares. 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 90.01 and a 200-day moving average of GBX 106.0. The company’s market cap is £74.9 million.
PNX has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of Phoenix IT Group plc in a research note on Wednesday, July 16th. They now have a GBX 95 ($1.59) price target on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of Phoenix IT Group plc in a research note on Wednesday, July 16th. They now have a GBX 120 ($2.01) price target on the stock. Finally, analysts at Investec cut their price target on shares of Phoenix IT Group plc from GBX 138 ($2.32) to GBX 120 ($2.01) in a research note on Tuesday, June 24th. They now have a “hold” rating on the stock. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 127 ($2.13).
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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