Phoenix Group (LON:PHNX) had its price target lifted by analysts at JPMorgan Chase & Co. from GBX 837 ($11.56) to GBX 854 ($11.80) in a research note issued on Monday. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 12.52% from the stock’s current price.
A number of other brokerages have also recently weighed in on PHNX. Barclays reduced their price target on shares of Phoenix Group from GBX 673 ($9.30) to GBX 664 ($9.17) and set an “underweight” rating on the stock in a research report on Monday, December 11th. HSBC lifted their price target on shares of Phoenix Group from GBX 810 ($11.19) to GBX 820 ($11.33) and gave the company a “hold” rating in a research report on Thursday, November 23rd. Finally, Deutsche Bank reaffirmed a “hold” rating and set a GBX 800 ($11.05) price target on shares of Phoenix Group in a research report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 793.29 ($10.96).
Phoenix Group (LON:PHNX) opened at GBX 759 ($10.49) on Monday. The firm has a market cap of $2,970.00 and a P/E ratio of -1,286.44. Phoenix Group has a 12-month low of GBX 719 ($9.93) and a 12-month high of GBX 817.48 ($11.29).
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.
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