Phoenix Group Holdings (LON:PHNX) Stock Rating Reaffirmed by Deutsche Bank AG
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.
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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.
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