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Phoenix IT Group plc (LON:PNX)‘s stock had its “add” rating restated by analysts at Westhouse Securities in a research report issued to clients and investors on Tuesday. They currently have a GBX 128 ($2.15) price objective on the stock. Westhouse Securities’ price objective points to a potential upside of 37.44% from the stock’s previous close.

Phoenix IT Group plc (LON:PNX) opened at 93.13 on Tuesday. Phoenix IT Group plc has a 1-year low of GBX 85.75 and a 1-year high of GBX 166.00. The stock’s 50-day moving average is GBX 89.98 and its 200-day moving average is GBX 106.2. The company’s market cap is £77.3 million.

PNX has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price 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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