Shares of Phoenix Group Holdings (LON:PHNX) have been given an average recommendation of “Hold” by the nine research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 807.25 ($11.15).
A number of equities research analysts have recently weighed in on PHNX shares. Shore Capital reaffirmed a “buy” rating on shares of Phoenix Group in a report on Friday, February 23rd. Berenberg Bank lifted their price target on Phoenix Group from GBX 880 ($12.16) to GBX 905 ($12.50) and gave the company a “buy” rating in a report on Wednesday, March 7th. HSBC lifted their price target on Phoenix Group from GBX 810 ($11.19) to GBX 820 ($11.33) and gave the company a “hold” rating in a report on Thursday, November 23rd. Deutsche Bank cut Phoenix Group to a “hold” rating and cut their price target for the company from GBX 875 ($12.09) to GBX 800 ($11.05) in a report on Thursday, January 4th. Finally, Numis Securities reaffirmed a “hold” rating and set a GBX 785 ($10.85) price target on shares of Phoenix Group in a report on Friday, February 23rd.
Shares of Phoenix Group (LON PHNX) remained flat at $GBX 797.50 ($11.02) during midday trading on Wednesday. The stock had a trading volume of 1,190,000 shares, compared to its average volume of 1,240,000. Phoenix Group has a 1-year low of GBX 719 ($9.93) and a 1-year high of GBX 820 ($11.33). The stock has a market cap of $3,140.00 and a P/E ratio of -1,351.69.
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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