Phoenix Group Holdings (PHNX) Rating Reiterated by Deutsche Bank AG

Phoenix Group Holdings (LON:PHNX)‘s stock had its “buy” rating reissued by equities researchers at Deutsche Bank AG in a note issued to investors on Thursday. They currently have a GBX 875 ($11.07) price target on the stock. Deutsche Bank AG’s price target would indicate a potential upside of 11.61% from the stock’s previous close.

PHNX has been the subject of several other reports. J P Morgan Chase & Co lifted their target price on shares of Phoenix Group Holdings from GBX 783 ($9.91) to GBX 793 ($10.03) and gave the stock an “overweight” rating in a research note on Tuesday, February 28th. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 673 ($8.51) target price on shares of Phoenix Group Holdings in a research note on Wednesday, February 22nd. Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 785 ($9.93) target price on shares of Phoenix Group Holdings in a research note on Monday, March 20th. Canaccord Genuity lifted their target price on shares of Phoenix Group Holdings from GBX 800 ($10.12) to GBX 840 ($10.63) and gave the stock a “buy” rating in a research note on Tuesday, March 21st. Finally, HSBC Holdings plc reaffirmed a “hold” rating and issued a GBX 790 ($9.99) target price on shares of Phoenix Group Holdings in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. Phoenix Group Holdings presently has a consensus rating of “Buy” and an average price target of GBX 801.43 ($10.14).

Analyst Recommendations for Phoenix Group Holdings (LON:PHNX)

Phoenix Group Holdings (LON PHNX) opened at 780.50 on Thursday. The firm’s market capitalization is GBX 3.06 billion. Phoenix Group Holdings has a 12-month low of GBX 610.22 and a 12-month high of GBX 817.48. The company has a 50-day moving average price of GBX 757.79 and a 200-day moving average price of GBX 751.86.

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In other Phoenix Group Holdings news, insider Clive Bannister sold 61,823 shares of Phoenix Group Holdings stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of GBX 774 ($9.79), for a total value of £478,510.02 ($605,325.77). Also, insider Nicholas Shott purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 27th. The stock was bought at an average price of GBX 782 ($9.89) per share, for a total transaction of £39,100 ($49,462.37). In the last quarter, insiders acquired 15,054 shares of company stock worth $11,400,315.

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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