Phoenix Group (PHNX) Sets New 1-Year Low at $719.00
Phoenix Group Holdings (LON:PHNX) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 719 ($10.08) and last traded at GBX 739 ($10.36), with a volume of 1610000 shares changing hands. The stock had previously closed at GBX 739 ($10.36).
A number of research analysts have commented on PHNX shares. Barclays decreased their target price on shares of Phoenix Group from GBX 673 ($9.44) to GBX 664 ($9.31) and set an “underweight” rating on the stock in a research report on Monday, December 11th. HSBC upped their target price on shares of Phoenix Group from GBX 810 ($11.36) to GBX 820 ($11.50) and gave the company a “hold” rating in a research report on Thursday, November 23rd. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a GBX 800 ($11.22) target price on shares of Phoenix Group in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 790.86 ($11.09).
The company has a market capitalization of $2,910.00 and a PE ratio of -1,252.54.
Phoenix Group Company Profile
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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