Phoenix Group Holdings (PHNX) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Phoenix Group Holdings (LON:PHNX) have been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 790.86 ($11.09).
Several equities analysts recently weighed in on the company. Deutsche Bank reissued a “hold” rating and set a GBX 800 ($11.22) price objective on shares of Phoenix Group in a research report on Tuesday. Barclays reissued an “underweight” rating and set a GBX 664 ($9.31) price objective on shares of Phoenix Group in a research report on Thursday, February 1st. Finally, HSBC boosted their price objective on Phoenix Group from GBX 810 ($11.36) to GBX 820 ($11.50) and gave the stock a “hold” rating in a research report on Thursday, November 23rd.
Phoenix Group (PHNX) traded up GBX 13.50 ($0.19) during midday trading on Friday, hitting GBX 739 ($10.36). The company had a trading volume of 1,876,250 shares, compared to its average volume of 724,692. Phoenix Group has a fifty-two week low of GBX 719 ($10.08) and a fifty-two week high of GBX 817.48 ($11.46). The firm has a market cap 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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