Phoenix Group Holdings (PHNX) Given Average Recommendation of “Hold” by Brokerages

Shares of Phoenix Group Holdings (LON:PHNX) have earned a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is GBX 805.13 ($10.78).

Several research firms have weighed in on PHNX. HSBC lifted their price target on shares of Phoenix Group from GBX 810 ($10.85) to GBX 820 ($10.98) and gave the company a “hold” rating in a research note on Thursday, November 23rd. J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a GBX 837 ($11.21) price target on shares of Phoenix Group in a research note on Friday, August 25th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Phoenix Group in a research note on Thursday, August 24th.

Phoenix Group (LON:PHNX) traded down GBX 10 ($0.13) on Monday, reaching GBX 753 ($10.08). 436,978 shares of the company’s stock traded hands, compared to its average volume of 565,202. Phoenix Group has a 12-month low of GBX 694.98 ($9.31) and a 12-month high of GBX 817.48 ($10.95).

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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.

Analyst Recommendations for Phoenix Group (LON:PHNX)

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