JP Morgan Cazenove Reiterates The “Overweight” Rating They’ve had for Phoenix Group Holdings (LON:PHNX) Shares

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Phoenix Group Holdings (LON:PHNX) Rating Reaffirmed

In a comprehensive report issued to clients on 8 December, JP Morgan Cazenove has reaffirmed their “Overweight” rating on Phoenix Group Holdings (LON:PHNX) shares.

From a total of 7 analysts covering Phoenix Group Holdings (LON:PHNX) stock, 2 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 33% of the ratings are positive. The highest target price is GBX 925 while the lowest target price is GBX 796. The mean of all analyst targets is GBX 883.1 with a -2.75% below today’s (GBX 913.5) stock price. Phoenix Group Holdings was the topic of 28 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 7 with “Hold” rating. Barclays Capital maintained shares with “Underweight” rating and GBX 796 target share price in a report from an October 23. Morgan Stanley maintained PHNX stock in a recent report from November 6 with “Equalwt/Cautious” rating. HSBC maintained the rating on October 22. HSBC has a “Hold” rating and a GBX 880 price target on shares. Finally, JP Morgan maintained the stock with “Overweight” rating in a report issued on an October 23.

The stock closed the day at GBX 913.5 during the previous session. It is down 7.72% since May 11, 2015 and is uptrending. It has outperformed by 8.80% the S&P500.

JP Morgan Cazenove Reiterates The

Phoenix Group Holdings is a specialist closed life and pension fund consolidator in the United Kingdom. The company has a market cap of 2.03 billion GBP. The Firm manages life insurance funds which no longer actively sell new life or pension policies and which run-off gradually over time. It has 19.21 P/E ratio. The Company, through its Phoenix Life segment, provides a range of whole life, term assurance and pension products.

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