Phoenix Group Holdings’ (PHNX) Buy Rating Reiterated at Deutsche Bank AG

Deutsche Bank AG reissued their buy rating on shares of Phoenix Group Holdings (LON:PHNX) in a report published on Thursday, MarketBeat.com reports. Deutsche Bank AG currently has a GBX 875 ($11.15) price target on the stock.

Several other research analysts also recently weighed in on the stock. J P Morgan Chase & Co restated an overweight rating and issued a GBX 826 ($10.52) target price on shares of Phoenix Group Holdings in a research note on Wednesday, May 10th. Barclays PLC restated an underweight rating and issued a GBX 673 ($8.57) target price on shares of Phoenix Group Holdings in a research note on Wednesday, February 22nd. Numis Securities Ltd restated a hold rating and issued a GBX 785 ($10.00) target price on shares of Phoenix Group Holdings in a research note on Monday, March 20th. Canaccord Genuity upped their target price on shares of Phoenix Group Holdings from GBX 800 ($10.19) to GBX 840 ($10.70) and gave the company a buy rating in a research note on Tuesday, March 21st. Finally, HSBC Holdings plc restated a hold rating and issued a GBX 790 ($10.06) target price on shares of Phoenix Group Holdings in a research note on Tuesday, June 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of GBX 801.43 ($10.21).

Phoenix Group Holdings (LON:PHNX) opened at 775.00 on Thursday. The stock’s market cap is GBX 3.04 billion. Phoenix Group Holdings has a 12 month low of GBX 610.22 and a 12 month high of GBX 817.48. The firm has a 50-day moving average of GBX 759.40 and a 200 day moving average of GBX 752.89.

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In related news, insider Nicholas Shott acquired 5,000 shares of Phoenix Group Holdings stock in a transaction on Monday, March 27th. The shares were purchased at an average cost of GBX 782 ($9.96) per share, for a total transaction of £39,100 ($49,815.26). Also, insider Clive Bannister sold 61,823 shares of the stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of GBX 774 ($9.86), for a total transaction of £478,510.02 ($609,644.57). Insiders have acquired a total of 15,054 shares of company stock worth $11,400,315 over the last quarter.

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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