Deutsche Bank AG reissued their buy rating on shares of Phoenix Group Holdings (LON:PHNX) in a research note released on Thursday, June 15th, Marketbeat.com reports. The brokerage currently has a GBX 875 ($11.33) price objective on the stock.

PHNX has been the subject of several other reports. J P Morgan Chase & Co increased their price target on Phoenix Group Holdings from GBX 783 ($10.14) to GBX 793 ($10.27) and gave the stock an overweight rating in a report on Tuesday, February 28th. Barclays PLC restated an underweight rating and issued a GBX 673 ($8.72) price target on shares of Phoenix Group Holdings in a research report on Wednesday, February 22nd. Numis Securities Ltd reiterated a hold rating and set a GBX 785 ($10.17) price objective on shares of Phoenix Group Holdings in a research report on Monday, March 20th. Canaccord Genuity raised their price target on Phoenix Group Holdings from GBX 800 ($10.36) to GBX 840 ($10.88) and gave the stock a buy rating in a research note on Tuesday, March 21st. Finally, HSBC Holdings plc reissued a hold rating and issued a GBX 790 ($10.23) price target on shares of Phoenix Group Holdings in a research note on Tuesday, June 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of GBX 801.43 ($10.38).

Phoenix Group Holdings (PHNX) traded down 0.66% during midday trading on Thursday, hitting GBX 750.00. 399,872 shares of the company were exchanged. The firm’s market capitalization is GBX 2.94 billion. Phoenix Group Holdings has a 1-year low of GBX 635.31 and a 1-year high of GBX 817.48. The stock has a 50 day moving average of GBX 764.14 and a 200 day moving average of GBX 755.89.

ILLEGAL ACTIVITY WARNING: “Phoenix Group Holdings (LON:PHNX) Stock Rating Reaffirmed by Deutsche Bank AG” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/07/15/phoenix-group-holdings-lonphnx-stock-rating-reaffirmed-by-deutsche-bank-ag.html.

In related news, insider Stephen Jefford acquired 194 shares of the stock in a transaction that occurred on Thursday, July 6th. The stock was purchased at an average cost of GBX 771 ($9.99) per share, for a total transaction of £1,495.74 ($1,937.49). Over the last 90 days, insiders have purchased 251 shares of company stock valued at $192,817.

Phoenix Group Holdings Company Profile

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 Holdings (LON:PHNX)

Receive News & Stock Ratings for Phoenix Group Holdings Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phoenix Group Holdings and related stocks with our FREE daily email newsletter.