Phoenix Group (OTCMKTS:PNXGF) Rating Increased to Buy at The Goldman Sachs Group

Phoenix Group (OTCMKTS:PNXGFGet Rating) was upgraded by The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report issued on Sunday, The Fly reports.

A number of other equities analysts have also weighed in on the stock. UBS Group lowered their price target on shares of Phoenix Group from GBX 685 ($8.45) to GBX 650 ($8.01) in a research report on Monday, March 28th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Phoenix Group from GBX 795 ($9.80) to GBX 750 ($9.25) in a research report on Wednesday, March 16th. Investec upgraded shares of Phoenix Group to a “buy” rating in a research report on Tuesday, January 18th. Morgan Stanley lowered their price target on shares of Phoenix Group from GBX 740 ($9.12) to GBX 710 ($8.75) in a research report on Tuesday, April 5th. Finally, Berenberg Bank upgraded shares of Phoenix Group from a “hold” rating to a “buy” rating in a research report on Monday, February 7th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $722.50.

Shares of OTCMKTS PNXGF remained flat at $$7.10 during trading on Friday. The business’s 50-day simple moving average is $7.99 and its 200 day simple moving average is $8.55. Phoenix Group has a 1 year low of $7.10 and a 1 year high of $10.24.

About Phoenix Group (Get Rating)

Phoenix Group Holdings plc engages in the long-term savings and retirement busines in Europe. The company operates through UK Heritage, UK Open, Europe, and Management Services segments. The UK Heritage segment accepts incremental premiums on in-force policies. The UK Open segment offers workplace pensions and self-invested personal pensions products under the SunLife brand.

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Analyst Recommendations for Phoenix Group (OTCMKTS:PNXGF)

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