JPMorgan Chase & Co. Raises Phoenix Group (PHNX) Price Target to GBX 854

Phoenix Group (LON:PHNX) had its target price increased by stock analysts at JPMorgan Chase & Co. from GBX 837 ($11.56) to GBX 854 ($11.80) in a note issued to investors on Monday. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price objective suggests a potential upside of 14.17% from the stock’s previous close.

PHNX has been the subject of a number of other research reports. Barclays lowered their target price on Phoenix Group from GBX 673 ($9.30) to GBX 664 ($9.17) and set an “underweight” rating for the company in a research note on Monday, December 11th. HSBC increased their target price on Phoenix Group from GBX 810 ($11.19) to GBX 820 ($11.33) and gave the company a “hold” rating in a research note on Thursday, November 23rd. Finally, Deutsche Bank reiterated a “hold” rating and issued a GBX 800 ($11.05) target price on shares of Phoenix Group in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 793.29 ($10.96).

Phoenix Group (LON:PHNX) opened at GBX 748 ($10.33) on Monday. The company has a market capitalization of $2,940.00 and a PE ratio of -1,267.80. Phoenix Group has a twelve month low of GBX 719 ($9.93) and a twelve month high of GBX 817.48 ($11.29).

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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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JPMorgan Chase & Co. Raises Phoenix Group (PHNX) Price Target to GBX 854

Phoenix Group (LON:PHNX) had its target price hoisted by JPMorgan Chase & Co. from GBX 837 ($11.56) to GBX 854 ($11.80) in a research report issued on Monday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 14.17% from the stock’s current price.

A number of other research firms also recently commented on PHNX. Barclays cut their price objective on Phoenix Group from GBX 673 ($9.30) to GBX 664 ($9.17) and set an “underweight” rating on the stock in a report on Monday, December 11th. HSBC raised their price objective on Phoenix Group from GBX 810 ($11.19) to GBX 820 ($11.33) and gave the stock a “hold” rating in a report on Thursday, November 23rd. Finally, Deutsche Bank restated a “hold” rating and issued a GBX 800 ($11.05) price objective on shares of Phoenix Group in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 793.29 ($10.96).

Phoenix Group (LON:PHNX) opened at GBX 748 ($10.33) on Monday. The company has a market capitalization of $2,940.00 and a PE ratio of -1,267.80. Phoenix Group has a twelve month low of GBX 719 ($9.93) and a twelve month high of GBX 817.48 ($11.29).

TRADEMARK VIOLATION NOTICE: This news story was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://ledgergazette.com/2018/02/19/jpmorgan-chase-co-raises-phoenix-group-phnx-price-target-to-gbx-854.html.

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)

Receive News & Ratings for Phoenix Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phoenix Group and related companies with MarketBeat.com's FREE daily email newsletter.

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