Phoenix Group Holdings (PHNX) Given New GBX 800 Price Target at Canaccord Genuity
Phoenix Group Holdings (LON:PHNX) had its target price lowered by Canaccord Genuity from GBX 930 ($11.62) to GBX 800 ($10.00) in a research note issued to investors on Friday morning. Canaccord Genuity currently has a buy rating on the stock.
PHNX has been the subject of several other reports. HSBC lifted their price target on Phoenix Group Holdings from GBX 884 ($11.04) to GBX 920 ($11.49) and gave the company a hold rating in a research report on Friday, August 26th. Numis Securities Ltd reiterated an add rating and issued a GBX 938 ($11.72) price target on shares of Phoenix Group Holdings in a research report on Thursday, September 29th. Finally, Shore Capital reiterated a hold rating on shares of Phoenix Group Holdings in a research report on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of GBX 886.63 ($11.08).
Phoenix Group Holdings (LON:PHNX) traded down 1.42% during trading on Friday, reaching GBX 729.50. The company’s stock had a trading volume of 293,068 shares. The company’s market cap is GBX 1.66 billion. Phoenix Group Holdings has a 52-week low of GBX 691.00 and a 52-week high of GBX 952.00. The stock has a 50-day moving average price of GBX 797.21 and a 200 day moving average price of GBX 822.99.
In other news, insider Jim McConville sold 42,164 shares of the business’s stock in a transaction dated 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). Also, insider Andrew Moss sold 26,216 shares of the business’s stock in a transaction dated Tuesday, November 1st. The shares were sold at an average price of GBX 217 ($2.71), for a total value of £56,888.72 ($71,075.36).
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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