Phoenix Group Holdings (LON:PHNX)‘s stock had its “overweight” rating reissued by stock analysts at J P Morgan Chase & Co in a research note issued on Friday, August 25th. They currently have a GBX 837 ($10.81) price objective on the stock. J P Morgan Chase & Co’s price objective points to a potential upside of 13.96% from the company’s previous close.
A number of other research firms also recently commented on PHNX. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 875 ($11.30) price target on shares of Phoenix Group Holdings in a research note on Thursday, June 15th. HSBC Holdings plc reissued a “hold” rating and set a GBX 790 ($10.20) target price on shares of Phoenix Group Holdings in a research note on Tuesday, June 13th. Shore Capital reissued a “buy” rating on shares of Phoenix Group Holdings in a research note on Thursday, August 24th. Barclays PLC reissued an “underweight” rating and set a GBX 673 ($8.69) target price on shares of Phoenix Group Holdings in a research note on Wednesday, June 28th. Finally, Numis Securities Ltd reissued a “hold” rating and set a GBX 785 ($10.14) target price on shares of Phoenix Group Holdings in a research note on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 803 ($10.37).
Phoenix Group Holdings (PHNX) traded up 0.27% on Friday, reaching GBX 734.50. 647,954 shares of the company’s stock were exchanged. The firm has a 50-day moving average of GBX 769.36 and a 200-day moving average of GBX 764.65. The firm’s market capitalization is GBX 2.88 billion. Phoenix Group Holdings has a 12 month low of GBX 691.00 and a 12 month high of GBX 817.48.
WARNING: This piece of content was reported by BBNS and is the property of of BBNS. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://baseballnewssource.com/markets/phoenix-group-holdings-phnx-receives-overweight-rating-from-j-p-morgan-chase-co/1543851.html.
In related news, insider Stephen Jefford bought 194 shares of Phoenix Group Holdings stock in a transaction that occurred on Thursday, July 6th. The shares were acquired at an average cost of GBX 771 ($9.96) per share, for a total transaction of £1,495.74 ($1,931.73). Insiders purchased 249 shares of company stock worth $192,293 over the last quarter.
About Phoenix Group Holdings
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 Holdings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phoenix Group Holdings and related companies with our FREE daily email newsletter.