Phoenix Group Holdings (PHNX) Given Average Rating of “Buy” by Brokerages
Shares of Phoenix Group Holdings (LON:PHNX) have earned an average recommendation of “Buy” from the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is GBX 801.43 ($10.44).
A number of analysts have recently issued reports on the stock. Numis Securities Ltd restated a “hold” rating and set a GBX 785 ($10.23) price target on shares of Phoenix Group Holdings in a report on Tuesday, July 18th. Deutsche Bank AG restated a “buy” rating and set a GBX 875 ($11.40) price target on shares of Phoenix Group Holdings in a report on Thursday, June 15th. Barclays PLC restated an “underweight” rating and set a GBX 673 ($8.77) price target on shares of Phoenix Group Holdings in a report on Wednesday, June 28th. HSBC Holdings plc restated a “hold” rating and set a GBX 790 ($10.29) price target on shares of Phoenix Group Holdings in a report on Tuesday, June 13th. Finally, J P Morgan Chase & Co restated an “overweight” rating and set a GBX 826 ($10.76) price target on shares of Phoenix Group Holdings in a report on Wednesday, May 10th.
In related news, insider Stephen Jefford acquired 194 shares of the stock in a transaction that occurred on Thursday, July 6th. The stock was purchased at an average price of GBX 771 ($10.04) per share, with a total value of £1,495.74 ($1,948.59). Insiders have purchased a total of 251 shares of company stock valued at $192,817 in the last ninety days.
Shares of Phoenix Group Holdings (PHNX) traded up 0.86% during midday trading on Tuesday, hitting GBX 758.50. The stock had a trading volume of 571,359 shares. The firm has a 50 day moving average price of GBX 766.65 and a 200-day moving average price of GBX 760.55. The stock’s market cap is GBX 2.97 billion. Phoenix Group Holdings has a 52-week low of GBX 662.10 and a 52-week high of GBX 817.48.
About Phoenix Group Holdings
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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