Phoenix Group Holdings (PHNX) Earns “Overweight” Rating from J P Morgan Chase & Co

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.

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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.

Analyst Recommendations for Phoenix Group Holdings (LON:PHNX)

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