Phoenix Group (LON:PHNX) was downgraded by Deutsche Bank to a “hold” rating in a report issued on Thursday. They presently have a GBX 800 ($10.70) price objective on the stock, down from their previous price objective of GBX 875 ($11.70). Deutsche Bank’s price target points to a potential upside of 3.43% from the company’s previous close.
A number of other brokerages have also recently weighed in on PHNX. Barclays dropped their target price on shares of Phoenix Group from GBX 673 ($9.00) to GBX 664 ($8.88) and set an “underweight” rating on the stock in a report on Monday, December 11th. HSBC increased their target price on shares of Phoenix Group from GBX 810 ($10.83) to GBX 820 ($10.96) and gave the stock a “hold” rating in a report on Thursday, November 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 794.63 ($10.62).
Phoenix Group (LON PHNX) opened at GBX 773.50 ($10.34) on Thursday. Phoenix Group has a 52 week low of GBX 715.50 ($9.57) and a 52 week high of GBX 817.48 ($10.93). The company has a market cap of $3,050.00 and a price-to-earnings ratio of -1,311.02.
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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