HSBC Holdings PLC Boosts Phoenix Group Holdings (PHNX) Price Target to GBX 820
Phoenix Group Holdings (LON:PHNX) had its target price hoisted by investment analysts at HSBC Holdings PLC from GBX 810 ($10.65) to GBX 820 ($10.79) in a report issued on Thursday. The firm currently has a “hold” rating on the stock. HSBC Holdings PLC’s target price indicates a potential upside of 8.97% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. Shore Capital reiterated a “buy” rating on shares of Phoenix Group Holdings in a research report on Thursday, August 24th. J P Morgan Chase & Co reiterated an “overweight” rating and set a GBX 837 ($11.01) price objective on shares of Phoenix Group Holdings in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Phoenix Group Holdings presently has a consensus rating of “Hold” and a consensus price target of GBX 805.13 ($10.59).
Shares of Phoenix Group Holdings (LON PHNX) opened at GBX 752.50 ($9.90) on Thursday. Phoenix Group Holdings has a 12-month low of GBX 694.98 ($9.14) and a 12-month high of GBX 817.48 ($10.75).
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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.
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