Phoenix Group (OTCMKTS:PNXGF) Given New GBX 655 Price Target at JPMorgan Chase & Co.

Phoenix Group (OTCMKTS:PNXGF – Get Rating) had its target price cut by JPMorgan Chase & Co. from GBX 665 ($8.10) to GBX 655 ($7.98) in a research report sent to investors on Tuesday morning, The Fly reports.

PNXGF has been the topic of several other reports. Deutsche Bank Aktiengesellschaft boosted their target price on Phoenix Group from GBX 680 ($8.29) to GBX 720 ($8.78) in a research note on Tuesday, January 10th. Peel Hunt upgraded Phoenix Group to a hold rating in a research report on Tuesday, January 31st. Barclays lifted their price target on Phoenix Group from GBX 788 ($9.60) to GBX 790 ($9.63) in a research report on Tuesday, November 22nd. UBS Group upgraded Phoenix Group from a neutral rating to a buy rating in a research report on Tuesday, November 15th. Finally, Berenberg Bank lifted their price target on Phoenix Group from GBX 815 ($9.93) to GBX 820 ($9.99) in a research report on Tuesday, January 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Hold and an average target price of $720.71.

Phoenix Group Stock Performance

Shares of PNXGF opened at $7.65 on Tuesday. The stock’s fifty day moving average price is $7.92 and its two-hundred day moving average price is $7.01. Phoenix Group has a 1 year low of $6.00 and a 1 year high of $8.28.

Phoenix Group Company Profile

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Phoenix Group Holdings Plc operates as a life and pensions consolidator. The firm specializes in the acquisition and management of closed life insurance and pension funds. It operates through the following segments: UK Heritage, UK Open, Europe, Management Services, and Unallocated Group. The UK Heritage contains United Kingdom businesses which no longer actively sell products to policyholders and which therefore run-off gradually over time.