Phoenix Group Holdings (PHNX) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Phoenix Group Holdings (LON:PHNX) have earned a consensus rating of “Hold” from the nine research firms that are currently covering the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is GBX 902.88 ($11.28).
A number of equities research analysts have weighed in on the company. HSBC reaffirmed a “hold” rating and issued a GBX 920 ($11.49) price objective on shares of Phoenix Group Holdings in a report on Wednesday, September 14th. Numis Securities Ltd assumed coverage on Phoenix Group Holdings in a report on Tuesday, September 13th. They issued an “add” rating and a GBX 938 ($11.72) price objective on the stock. Shore Capital reaffirmed a “hold” rating on shares of Phoenix Group Holdings in a report on Thursday, August 25th. Finally, Canaccord Genuity lifted their price objective on Phoenix Group Holdings from GBX 830 ($10.37) to GBX 930 ($11.62) and gave the company a “buy” rating in a report on Tuesday, August 30th.
In related news, insider Alastair Barbour acquired 3,625 shares of the business’s stock in a transaction that occurred on Thursday, October 27th. The stock was purchased at an average cost of GBX 235 ($2.94) per share, for a total transaction of £8,518.75 ($10,643.12). Also, insider Jim McConville sold 42,164 shares of Phoenix Group Holdings stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of GBX 228 ($2.85), for a total value of £96,133.92 ($120,107.35).
Shares of Phoenix Group Holdings (LON:PHNX) opened at 735.00 on Thursday. The firm’s market cap is GBX 1.68 billion. The company has a 50 day moving average price of GBX 810.64 and a 200 day moving average price of GBX 826.37. Phoenix Group Holdings has a 12-month low of GBX 610.22 and a 12-month high of GBX 809.65.
Phoenix Group Holdings Company Profile
Phoenix Group Holdings is a specialist closed life assurance fund consolidator that specializes in the management and acquisition of closed life and pension funds. The Company operates through the Phoenix Life segment. The Phoenix Life segment provides a range of whole life, term assurance and pension products.
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