Phoenix IT Group plc’s Buy Rating Reiterated at 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 Wednesday. They currently have a GBX 139 ($2.30) target price on the stock. Panmure Gordon’s target price points to a potential upside of 57.06% from the stock’s previous close.
Phoenix IT Group plc (LON:PNX) traded up 1.11% during mid-day trading on Wednesday, hitting GBX 90.75. 34,866 shares of the company’s stock traded hands. Phoenix IT Group plc has a 1-year low of GBX 85.75 and a 1-year high of GBX 166.00. The stock has a 50-day moving average of GBX 89.89 and a 200-day moving average of GBX 104.2. The company’s market cap is £75.3 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “hold” rating on shares of Phoenix IT Group plc in a research note on Tuesday, August 12th. They now have a GBX 120 ($1.99) 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 Tuesday, August 12th. They now have a GBX 95 ($1.57) price target on the stock. Finally, analysts at Westhouse Securities reiterated an “add” rating on shares of Phoenix IT Group plc in a research note on Tuesday, August 12th. They now have a GBX 128 ($2.12) price target on the stock. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Phoenix IT Group plc has an average rating of “Hold” and a consensus price target of GBX 127 ($2.10).
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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