Phoenix Group (PHNX) Given New GBX 664 Price Target at Barclays
Phoenix Group (LON:PHNX) had its price target reduced by analysts at Barclays from GBX 673 ($9.06) to GBX 664 ($8.94) in a report issued on Monday, December 11th. The brokerage currently has an “underweight” rating on the stock. Barclays’ price objective points to a potential downside of 14.10% from the stock’s current price.
PHNX has been the subject of several other reports. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 837 ($11.27) price objective on shares of Phoenix Group in a report on Friday, August 25th. Shore Capital reiterated a “buy” rating on shares of Phoenix Group in a report on Thursday, August 24th. Finally, HSBC increased their price objective on Phoenix Group from GBX 810 ($10.90) to GBX 820 ($11.04) and gave the stock a “hold” rating in a report on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 804 ($10.82).
Shares of Phoenix Group (PHNX) traded up GBX 1.50 ($0.02) during trading hours on Monday, hitting GBX 773 ($10.40). The company had a trading volume of 287,858 shares, compared to its average volume of 617,643. Phoenix Group has a twelve month low of GBX 715.50 ($9.63) and a twelve month high of GBX 817.48 ($11.00). The stock has a market capitalization of $3,040.00 and a price-to-earnings ratio of -1,310.17.
Phoenix Group 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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