Phoenix Group Holdings (PHNX) Given Consensus Rating of “Hold” by Brokerages

Phoenix Group Holdings (LON:PHNX) has been given a consensus recommendation of “Hold” by the nine research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 805.13 ($10.73).

A number of brokerages recently issued reports on PHNX. Shore Capital reiterated a “buy” rating on shares of Phoenix Group in a research note on Thursday, August 24th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 837 ($11.16) price target on shares of Phoenix Group in a research note on Friday, August 25th. Finally, HSBC Holdings PLC lifted their price target on shares of Phoenix Group from GBX 810 ($10.80) to GBX 820 ($10.93) and gave the stock a “hold” rating in a research note on Thursday.

Phoenix Group (LON:PHNX) traded down GBX 2 ($0.03) during midday trading on Monday, hitting GBX 751.50 ($10.02). 483,706 shares of the stock traded hands, compared to its average volume of 576,275. Phoenix Group has a twelve month low of GBX 694.98 ($9.27) and a twelve month high of GBX 817.48 ($10.90).

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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.

Analyst Recommendations for Phoenix Group (LON:PHNX)

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