Phoenix Group (LON:PHNX – Get Free Report) had its price target raised by Bank of America from GBX 620 ($7.68) to GBX 640 ($7.93) in a research report issued to clients and investors on Monday, Digital Look reports. The firm currently has a “buy” rating on the stock. Bank of America‘s target price points to a potential upside of 19.68% from the company’s previous close.
A number of other analysts have also recently weighed in on PHNX. Barclays boosted their target price on shares of Phoenix Group from GBX 715 ($8.86) to GBX 718 ($8.89) and gave the stock an “overweight” rating in a research note on Thursday, September 7th. Berenberg Bank restated a “buy” rating and set a GBX 770 ($9.54) price objective on shares of Phoenix Group in a report on Thursday, September 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 685.50 ($8.49).
Phoenix Group Stock Performance
About Phoenix Group
Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It provides a range of pensions and savings products to support people across various stages of the savings life cycle.
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