Phoenix Group (LON:PHNX) Price Target Increased to GBX 662 by Analysts at Barclays

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Phoenix Group (LON:PHNX) had its price target hoisted by Barclays from GBX 657 ($8.58) to GBX 662 ($8.65) in a report released on Wednesday, ThisIsMoney.Co.Uk reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price points to a potential downside of 10.01% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada reiterated an “outperform” rating on shares of Phoenix Group in a report on Friday, November 29th. Shore Capital reissued an “under review” rating on shares of Phoenix Group in a research report on Thursday, November 28th. JPMorgan Chase & Co. cut their price target on Phoenix Group from GBX 857 ($11.20) to GBX 846 ($11.05) and set an “overweight” rating on the stock in a research note on Monday, September 16th. Peel Hunt reaffirmed a “reduce” rating on shares of Phoenix Group in a research report on Thursday, November 28th. Finally, Deutsche Bank lifted their price objective on Phoenix Group from GBX 740 ($9.67) to GBX 760 ($9.93) and gave the company a “hold” rating in a research note on Monday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 753 ($9.84).

LON:PHNX opened at GBX 735.60 ($9.61) on Wednesday. The firm has a market capitalization of $5.24 billion and a P/E ratio of 12.64. The company has a debt-to-equity ratio of 38.77, a current ratio of 0.19 and a quick ratio of 0.09. Phoenix Group has a one year low of GBX 537.50 ($7.02) and a one year high of GBX 750.20 ($9.80). The company’s 50-day simple moving average is GBX 717.06 and its 200 day simple moving average is GBX 692.68.

Phoenix Group Company Profile

Phoenix Group Holdings, a closed life assurance fund consolidator, acquires and manages closed life and pension funds primarily in the United Kingdom. It operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It also provides financing services. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings in March 2010.

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Analyst Recommendations for Phoenix Group (LON:PHNX)

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