Phoenix Group Holdings (PHNX) Receives Average Recommendation of “Buy” from Analysts
Phoenix Group Holdings (LON:PHNX) has been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 801.43 ($10.19).
A number of equities research analysts have issued reports on PHNX shares. Numis Securities Ltd reiterated a “hold” rating and set a GBX 785 ($9.98) price objective on shares of Phoenix Group Holdings in a research note on Monday, March 20th. Canaccord Genuity increased their price objective on shares of Phoenix Group Holdings from GBX 800 ($10.18) to GBX 840 ($10.68) and gave the stock a “buy” rating in a research note on Tuesday, March 21st. Deutsche Bank AG reiterated a “buy” rating and set a GBX 875 ($11.13) price objective on shares of Phoenix Group Holdings in a research note on Tuesday, May 16th. Barclays PLC reiterated an “underweight” rating and set a GBX 673 ($8.56) price objective on shares of Phoenix Group Holdings in a research note on Wednesday. Finally, J P Morgan Chase & Co increased their price objective on shares of Phoenix Group Holdings from GBX 793 ($10.09) to GBX 826 ($10.51) and gave the stock an “overweight” rating in a research note on Tuesday, March 21st.
Phoenix Group Holdings (PHNX) traded up 1.04% during trading on Friday, reaching GBX 778.00. 382,035 shares of the company’s stock were exchanged. The firm’s market cap is GBX 3.05 billion. Phoenix Group Holdings has a 52-week low of GBX 610.22 and a 52-week high of GBX 817.48. The stock’s 50 day moving average price is GBX 763.64 and its 200 day moving average price is GBX 755.76.
In related news, insider John Pollock purchased 10,000 shares of Phoenix Group Holdings stock in a transaction dated Monday, April 3rd. The shares were bought at an average cost of GBX 745 ($9.48) per share, for a total transaction of £74,500 ($94,759.60). Over the last 90 days, insiders bought 10,054 shares of company stock worth $7,490,315.
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Phoenix Group Holdings Company Profile
Phoenix Group Holdings is a consolidator of closed life assurance funds specializing in the management and acquisition of closed life and pension funds. The Company’s segment: life assurance (including its management services operations) is referred to as Phoenix Life. It has four operating life companies, which hold policyholder assets and a distribution business, SunLife.
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