Phoenix Group (OTCMKTS:PNXGF) Stock Price Up 5.6% – Here’s What Happened

Phoenix Group Holdings plc (OTCMKTS:PNXGF) rose 5.6% during mid-day trading on Tuesday . The company traded as high as $10.2950 and last traded at $10.2950. Approximately 467 shares were traded during mid-day trading, a decline of 11% from the average daily volume of 522 shares. The stock had previously closed at $9.75.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. UBS Group upgraded shares of Phoenix Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, December 17th. The Goldman Sachs Group raised shares of Phoenix Group from a “sell” rating to a “neutral” rating in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Phoenix Group presently has an average rating of “Moderate Buy”.

Phoenix Group Price Performance

The stock’s 50 day moving average price is $9.74 and its 200 day moving average price is $9.29.

About Phoenix Group

Phoenix Group Holdings plc is a leading UK-based consolidator of closed life insurance and pension funds. The company specialises in acquiring and managing legacy policies from a range of sellers, including insurers, banks and other financial institutions. By bringing together dispersed portfolios under a single operational platform, Phoenix Group aims to optimise capital efficiency and deliver cost-effective administration for policyholders.

The group’s core services include the management of life assurance, annuity and pension policies, alongside tailored solutions for individual and corporate clients.