Phoenix Group Holdings (PHNX) Receives Average Recommendation of “Hold” from Analysts
Phoenix Group Holdings (LON:PHNX) has received an average recommendation of “Hold” from the nine research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is GBX 794.63 ($10.78).
A number of analysts have recently issued reports on the stock. Deutsche Bank lowered shares of Phoenix Group to a “hold” rating and reduced their price target for the stock from GBX 875 ($11.87) to GBX 800 ($10.85) in a research report on Thursday, January 4th. HSBC increased their price target on shares of Phoenix Group from GBX 810 ($10.98) to GBX 820 ($11.12) and gave the stock a “hold” rating in a research report on Thursday, November 23rd. Finally, Barclays cut their price objective on shares of Phoenix Group from GBX 673 ($9.13) to GBX 664 ($9.00) and set an “underweight” rating on the stock in a research report on Monday, December 11th.
Shares of Phoenix Group (LON PHNX) traded down GBX 5.50 ($0.07) on Tuesday, hitting GBX 782.50 ($10.61). 889,891 shares of the company’s stock traded hands, compared to its average volume of 607,733. Phoenix Group has a one year low of GBX 715.50 ($9.70) and a one year high of GBX 817.48 ($11.09). The firm has a market capitalization of $3,080.00 and a PE ratio of -1,326.27.
ILLEGAL ACTIVITY WARNING: “Phoenix Group Holdings (PHNX) Receives Average Recommendation of “Hold” from Analysts” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.americanbankingnews.com/2018/01/16/phoenix-group-holdings-phnx-receives-average-recommendation-of-hold-from-analysts.html.
About Phoenix Group
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.
Receive News & Ratings for Phoenix Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phoenix Group and related companies with MarketBeat.com's FREE daily email newsletter.