Phoenix Group (PHNX) Rating Reiterated by Barclays

Phoenix Group (LON:PHNX)‘s stock had its “underweight” rating reaffirmed by equities researchers at Barclays in a research report issued to clients and investors on Thursday. They presently have a GBX 664 ($9.32) price target on the stock. Barclays’ price objective would indicate a potential downside of 12.69% from the company’s previous close.

PHNX has been the subject of several other research reports. Deutsche Bank downgraded shares of Phoenix Group to a “hold” rating and decreased their price target for the company from GBX 875 ($12.29) to GBX 800 ($11.23) in a research note on Thursday, January 4th. HSBC lifted their price target on shares of Phoenix Group from GBX 810 ($11.37) to GBX 820 ($11.52) and gave the company a “hold” rating in a research note on Thursday, November 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 794.63 ($11.16).

Shares of Phoenix Group (PHNX) opened at GBX 760.52 ($10.68) on Thursday. Phoenix Group has a 12 month low of GBX 719.24 ($10.10) and a 12 month high of GBX 817.48 ($11.48). The firm has a market cap of $3,000.00 and a P/E ratio of -1,289.01.

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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.

Analyst Recommendations for Phoenix Group (LON:PHNX)

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