Phoenix Group Holdings (LON:PHNX) has been assigned a consensus rating of “Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 782.75 ($10.23).
Several equities analysts have recently weighed in on PHNX shares. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Phoenix Group in a research note on Thursday, March 7th. Shore Capital reaffirmed an “under review” rating on shares of Phoenix Group in a research note on Tuesday, March 5th. Deutsche Bank reaffirmed a “hold” rating and set a GBX 710 ($9.28) price target on shares of Phoenix Group in a research note on Wednesday, February 20th. HSBC increased their price objective on Phoenix Group from GBX 760 ($9.93) to GBX 825 ($10.78) and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, JPMorgan Chase & Co. increased their price objective on Phoenix Group from GBX 814 ($10.64) to GBX 857 ($11.20) and gave the company an “overweight” rating in a report on Wednesday, March 6th.
In other news, insider Kory Sorenson bought 5,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of GBX 656 ($8.57) per share, with a total value of £32,800 ($42,859.01). Also, insider Clive Bannister sold 24,878 shares of Phoenix Group stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of GBX 668 ($8.73), for a total value of £166,185.04 ($217,150.19).
About Phoenix Group
Phoenix Group Holdings, a closed life assurance fund consolidator, acquires and manages closed life and pension funds primarily in the United Kingdom. It operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It also provides financing services. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings in March 2010.
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