Phoenix Group Holdings’s Add Rating Reaffirmed at Oriel Securities Ltd (PHNX)
Phoenix Group Holdings (LON:PHNX)‘s stock had its “add” rating restated by investment analysts at Oriel Securities Ltd in a note issued to investors on Friday. They currently have a GBX 750 ($12.58) target price on the stock. Oriel Securities Ltd’s price objective suggests a potential upside of 4.10% from the company’s current price.
A number of other firms have also recently commented on PHNX. Analysts at Investec reiterated a “hold” rating on shares of Phoenix Group Holdings in a research note on Tuesday. They now have a GBX 120 ($2.01) price target on the stock. Separately, 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. 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 investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 620.67 ($10.41).
Phoenix Group Holdings (LON:PHNX) traded down 0.21% during mid-day trading on Friday, hitting GBX 717.00. The stock had a trading volume of 184,955 shares. Phoenix Group Holdings has a 1-year low of GBX 560.52 and a 1-year high of GBX 853.50. The stock’s 50-day moving average is GBX 670.8 and its 200-day moving average is GBX 682.0. The company’s market cap is £1.601 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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