Phoenix Group Holdings’ (LON:PHNX) Hold Rating Reaffirmed at Numis Securities Ltd
Numis Securities Ltd reissued their hold rating on shares of Phoenix Group Holdings (LON:PHNX) in a research note released on Tuesday morning, Marketbeat.com reports. They currently have a GBX 785 ($10.25) price target on the stock.
Several other analysts also recently commented on PHNX. J P Morgan Chase & Co raised their target price on Phoenix Group Holdings from GBX 793 ($10.36) to GBX 826 ($10.79) and gave the company an overweight rating in a research note on Tuesday, March 21st. Canaccord Genuity raised their target price on Phoenix Group Holdings from GBX 800 ($10.45) to GBX 840 ($10.97) and gave the company a buy rating in a research note on Tuesday, March 21st. Deutsche Bank AG raised their target price on Phoenix Group Holdings from GBX 835 ($10.90) to GBX 875 ($11.43) and gave the company a buy rating in a research note on Wednesday, March 22nd. HSBC Holdings plc restated a hold rating and issued a GBX 790 ($10.32) target price on shares of Phoenix Group Holdings in a research note on Tuesday, June 13th. Finally, Barclays PLC restated an underweight rating and issued a GBX 673 ($8.79) target price on shares of Phoenix Group Holdings in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of GBX 801.43 ($10.47).
Shares of Phoenix Group Holdings (PHNX) opened at 754.00 on Tuesday. The stock has a 50 day moving average price of GBX 766.93 and a 200-day moving average price of GBX 760.35. Phoenix Group Holdings has a one year low of GBX 640.83 and a one year high of GBX 817.48. The company’s market capitalization is GBX 2.95 billion.
In other Phoenix Group Holdings news, insider Stephen Jefford purchased 194 shares of the company’s stock in a transaction that occurred on Thursday, July 6th. The shares were acquired at an average price of GBX 771 ($10.07) per share, with a total value of £1,495.74 ($1,953.17). In the last ninety days, insiders purchased 251 shares of company stock worth $192,817.
Phoenix Group Holdings 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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