Deutsche Bank lowered shares of Phoenix Group (LON:PHNX) to a hold rating in a research note released on Thursday morning. Deutsche Bank currently has GBX 800 ($10.70) price target on the stock, down from their previous price target of GBX 875 ($11.70).
A number of other equities research analysts have also weighed in on PHNX. HSBC boosted their price objective on Phoenix Group from GBX 810 ($10.83) to GBX 820 ($10.96) and gave the stock a hold rating in a research report on Thursday, November 23rd. Barclays reduced their price objective on Phoenix Group from GBX 673 ($9.00) to GBX 664 ($8.88) and set an underweight rating on the stock in a research report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of GBX 794.63 ($10.62).
Phoenix Group (LON:PHNX) opened at GBX 773.50 ($10.34) on Thursday. The stock has a market capitalization of $3,050.00 and a price-to-earnings ratio of -1,311.02. Phoenix Group has a 52 week low of GBX 715.50 ($9.57) and a 52 week high of GBX 817.48 ($10.93).
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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