JPMorgan Chase & Co. Reaffirms “Overweight” Rating for Phoenix Group Holdings (PHNX)
Phoenix Group Holdings (LON:PHNX)‘s stock had its “overweight” rating reiterated by stock analysts at JPMorgan Chase & Co. in a report issued on Thursday. They currently have a GBX 915 ($15.30) price objective on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 26.38% from the company’s current price.
Phoenix Group Holdings (LON:PHNX) opened at 715.50 on Thursday. Phoenix Group Holdings has a one year low of GBX 560.52 and a one year high of GBX 853.50. The stock has a 50-day moving average of GBX 679.8 and a 200-day moving average of GBX 681.3. The company’s market cap is £1.598 billion.
A number of other analysts have also recently weighed in on PHNX. Analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Phoenix Group Holdings in a research note on Friday, August 15th. They now have a GBX 750 ($12.54) price target on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of Phoenix Group Holdings in a research note on Tuesday, August 12th. They now have a GBX 120 ($2.01) price target on the stock. Finally, 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 ($13.37) 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 issued a buy rating to the company’s stock. Phoenix Group Holdings currently has an average rating of “Hold” and an average price target of GBX 620.67 ($10.38).
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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