Phoenix Group Holdings (PHNX) Given Average Recommendation of “Buy” by Brokerages
Phoenix Group Holdings (LON:PHNX) has been given a consensus recommendation of “Buy” by the eight research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 803 ($10.60).
A number of equities analysts have recently issued reports on the stock. Shore Capital reiterated a “buy” rating on shares of Phoenix Group Holdings in a research report on Thursday, August 24th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 837 ($11.05) target price on shares of Phoenix Group Holdings in a research report on Friday, August 25th. Finally, Numis Securities Ltd reiterated a “hold” rating and set a GBX 785 ($10.36) target price on shares of Phoenix Group Holdings in a research report on Tuesday, July 18th.
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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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