Phoenix Group (OTCMKTS:PNXGF) Price Target Lowered to GBX 640 at UBS Group

Phoenix Group (OTCMKTS:PNXGFGet Rating) had its price objective cut by stock analysts at UBS Group from GBX 650 ($8.18) to GBX 640 ($8.05) in a note issued to investors on Thursday, The Fly reports.

PNXGF has been the topic of several other reports. Berenberg Bank raised Phoenix Group from a “hold” rating to a “buy” rating in a report on Monday, February 7th. Morgan Stanley reduced their price objective on Phoenix Group from GBX 740 ($9.31) to GBX 710 ($8.93) in a report on Tuesday, April 5th. The Goldman Sachs Group raised Phoenix Group from a “neutral” rating to a “buy” rating in a report on Sunday, May 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on Phoenix Group from GBX 795 ($10.00) to GBX 750 ($9.44) in a report on Wednesday, March 16th. Finally, JPMorgan Chase & Co. raised Phoenix Group from a “neutral” rating to an “overweight” rating in a report on Thursday, March 31st. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $720.00.

Shares of PNXGF remained flat at $$7.10 on Thursday. Phoenix Group has a one year low of $7.10 and a one year high of $10.24. The stock has a 50-day simple moving average of $7.79 and a two-hundred day simple moving average of $8.46.

About Phoenix Group (Get Rating)

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It provides a range of pensions and savings products to support people across various stages of the savings life cycle.

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