Brokerages Set Phoenix Group Holdings plc (OTCMKTS:PNXGF) Price Target at $722.50

Phoenix Group Holdings plc (OTCMKTS:PNXGF – Get Rating) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $722.50.

Several research firms have recently commented on PNXGF. Barclays upped their price target on shares of Phoenix Group from GBX 788 ($9.62) to GBX 790 ($9.64) in a research report on Tuesday, November 22nd. Investec raised Phoenix Group from a “hold” rating to a “buy” rating in a report on Thursday, December 15th. UBS Group upgraded Phoenix Group from a “neutral” rating to a “buy” rating in a report on Tuesday, November 15th. JPMorgan Chase & Co. reduced their target price on Phoenix Group from GBX 770 ($9.40) to GBX 670 ($8.18) in a research note on Thursday, December 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Phoenix Group from GBX 680 ($8.30) to GBX 720 ($8.79) in a research note on Tuesday, January 10th.

Phoenix Group Price Performance

Shares of OTCMKTS:PNXGF opened at $7.59 on Friday. Phoenix Group has a fifty-two week low of $6.00 and a fifty-two week high of $9.30. The business has a 50-day simple moving average of $6.94 and a two-hundred day simple moving average of $6.87.

Phoenix Group Company Profile

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Phoenix Group Holdings Plc operates as a life and pensions consolidator. The firm specializes in the acquisition and management of closed life insurance and pension funds. It operates through the following segments: UK Heritage, UK Open, Europe, Management Services, and Unallocated Group. The UK Heritage contains United Kingdom businesses which no longer actively sell products to policyholders and which therefore run-off gradually over time.