RE: RE: PHNX25 Jan 2017 13:28
Indicated by Berenberg
Posted by: Amilia Stone 23rd January 2017
Phoenix Group Holdings using EPIC/TICKER code LON:PHNX had its stock rating noted as ‘Upgrades’ with the recommendation being set at ‘BUY’ today by analysts at Berenberg. Phoenix Group Holdings are listed in the Financials sector within International Main Market. Berenberg have set their target price at 821 GBX on its stock. This indicates the analyst now believes there is a potential upside of 12.5% from the opening price of 730 GBX. Over the last 30 and 90 trading days the company share price has increased 5 points and decreased 5 points respectively.
Phoenix Group Holdings LON:PHNX has a 50 day moving average of 734.61 GBX and the 200 Day Moving Average price is recorded at 813.81 GBX. The 1 year high stock price is 809.65 GBX while the year low share price is currently 610.22 GBX. There are currently 392,849,793 shares in issue with the average daily volume traded being 698,876. Market capitalisation for LON:PHNX is £2,863,874,991 GBP.
Phoenix Group Holdings is a specialist closed life assurance fund consolidator that specializes in the management and acquisition of closed life and pension funds. The Company operates through the Phoenix Life segment. The Phoenix Life segment provides a range of whole life, term assurance and pension products. The Company’s functions provide services to Phoenix Life, and manage corporate and strategic activity.