Phoenix Group Holdings (PHNX) Receives Consensus Rating of “Buy” from Brokerages
Shares of Phoenix Group Holdings (LON:PHNX) have been given an average recommendation of “Buy” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 803 ($10.56).
A number of equities analysts have recently weighed in on the company. J P Morgan Chase & Co upped their target price on Phoenix Group Holdings from GBX 826 ($10.86) to GBX 837 ($11.01) and gave the stock an “overweight” rating in a research report on Friday, August 4th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 785 ($10.32) target price on shares of Phoenix Group Holdings in a research report on Tuesday, July 18th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Phoenix Group Holdings in a research report on Thursday, August 24th.
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Shares of Phoenix Group Holdings (PHNX) traded down GBX 3 ($0.04) during mid-day trading on Thursday, reaching GBX 763.50 ($10.04). The company had a trading volume of 398,835 shares, compared to its average volume of 563,063. Phoenix Group Holdings has a 1-year low of GBX 691 ($9.09) and a 1-year high of GBX 817.48 ($10.75).
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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