Shares of Phoenix Group Holdings (LON:PHNX) have received a consensus recommendation of “Buy” from the eight brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 803 ($10.46).
PHNX has been the topic of a number of research reports. Deutsche Bank AG reaffirmed a “buy” rating and set a GBX 875 ($11.39) target price on shares of Phoenix Group Holdings in a research report on Monday, May 22nd. Numis Securities Ltd reissued a “hold” rating and issued a GBX 785 ($10.22) price target on shares of Phoenix Group Holdings in a research report on Tuesday, July 18th. HSBC Holdings plc reissued a “hold” rating and issued a GBX 790 ($10.29) price target on shares of Phoenix Group Holdings in a research report on Tuesday, June 13th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 826 ($10.76) price target on shares of Phoenix Group Holdings in a research report on Wednesday, May 10th. Finally, Barclays PLC reissued an “underweight” rating and issued a GBX 673 ($8.76) price target on shares of Phoenix Group Holdings in a research report on Wednesday, June 28th.
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In other Phoenix Group Holdings news, insider Stephen Jefford acquired 194 shares of Phoenix Group Holdings stock in a transaction on Thursday, July 6th. The stock was purchased at an average price of GBX 771 ($10.04) per share, for a total transaction of £1,495.74 ($1,947.83). Insiders acquired a total of 250 shares of company stock valued at $192,908 in the last 90 days.
Phoenix Group Holdings (LON:PHNX) traded down 1.15% during mid-day trading on Tuesday, hitting GBX 773.00. 485,356 shares of the stock were exchanged. Phoenix Group Holdings has a 1-year low of GBX 691.00 and a 1-year high of GBX 817.48. The stock has a 50 day moving average price of GBX 767.33 and a 200 day moving average price of GBX 763.04. The company’s market capitalization is GBX 3.03 billion.
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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