Phoenix Group (PHNX) Stock Rating Reaffirmed by Royal Bank of Canada

Phoenix Group (LON:PHNX)‘s stock had its “top pick” rating reissued by equities researchers at Royal Bank of Canada in a research note issued on Friday.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank reiterated a “hold” rating and issued a GBX 700.50 ($9.15) price target (down previously from GBX 740 ($9.67)) on shares of Phoenix Group in a research note on Friday, August 24th. Barclays upped their price target on shares of Phoenix Group from GBX 667 ($8.72) to GBX 688 ($8.99) and gave the stock an “underweight” rating in a research note on Friday, September 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Phoenix Group has a consensus rating of “Buy” and a consensus price target of GBX 787.08 ($10.28).

Shares of Phoenix Group stock opened at GBX 595 ($7.77) on Friday. Phoenix Group has a 1 year low of GBX 719 ($9.40) and a 1 year high of GBX 820 ($10.71).

Phoenix Group (LON:PHNX) last announced its quarterly earnings results on Thursday, August 23rd. The company reported GBX (6.10) (($0.08)) earnings per share (EPS) for the quarter.

In other Phoenix Group news, insider Wendy Mayall sold 6,666 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of GBX 679 ($8.87), for a total transaction of £45,262.14 ($59,143.00). Also, insider Rakesh Thakrar sold 9,002 shares of the company’s stock in a transaction dated Thursday, October 4th. The shares were sold at an average price of GBX 667 ($8.72), for a total transaction of £60,043.34 ($78,457.26).

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 also provides financing services. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings in March 2010. Phoenix Group Holdings was founded in 1782 and is headquartered in London, the United Kingdom.

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Analyst Recommendations for Phoenix Group (LON:PHNX)

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