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.
COPYRIGHT VIOLATION WARNING: This piece of content was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/01/phoenix-group-phnx-rating-reiterated-by-barclays.html.
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.