Phoenix Group Holdings Stock Rating Reaffirmed by Berenberg Bank (PHNX)
Phoenix Group Holdings (LON:PHNX)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a report released on Thursday. They currently have a GBX 750 ($12.54) target price on the stock. Berenberg Bank’s target price points to a potential upside of 3.59% from the stock’s previous close.
Shares of Phoenix Group Holdings (LON:PHNX) opened at 711.50 on Thursday. 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 679.8 and its 200-day moving average is GBX 681.3. The company’s market cap is £1.589 billion.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Phoenix Group Holdings in a research note on Thursday. They now have a GBX 915 ($15.30) 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 Friday, August 15th. They now have a GBX 750 ($12.54) price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus 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.
Receive News & Ratings for Phoenix Group Holdings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phoenix Group Holdings and related companies with Analyst Ratings Network's FREE daily email newsletter.