Phoenix Group (PHNX) PT Lowered to GBX 664 at Barclays
Phoenix Group (LON:PHNX) had its price target reduced by Barclays from GBX 673 ($9.06) to GBX 664 ($8.94) in a research report sent to investors on Monday morning. They currently have an underweight rating on the stock.
Other equities research analysts also recently issued research reports about the company. Shore Capital restated a buy rating on shares of Phoenix Group in a research report on Thursday, August 24th. HSBC lifted their target price on Phoenix Group from GBX 810 ($10.90) to GBX 820 ($11.04) and gave the company a hold rating in a research report on Thursday, November 23rd. Finally, J P Morgan Chase & Co restated an overweight rating and issued a GBX 837 ($11.27) target price on shares of Phoenix Group in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of GBX 804 ($10.82).
Shares of Phoenix Group (LON:PHNX) opened at GBX 745 ($10.03) on Monday. Phoenix Group has a 1 year low of GBX 694.98 ($9.35) and a 1 year high of GBX 817.48 ($11.00).
About Phoenix Group
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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