The stock of Phoenix Group Holdings (LON:PHNX) hit a new 52-week low and has GBX 654.25 target or 8.00% below today’s GBX 711.14 share price. The 8 months bearish chart indicates high risk for the GBX 2.79B company. The 1-year low was reported on Nov, 3 by Barchart.com. If the GBX 654.25 price target is reached, the company will be worth GBX 223.20M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock increased 1.09% or GBX 7.64 on November 3, hitting GBX 711.14. About 1.83 million shares traded hands or 75.96% up from the average. Phoenix Group Holdings (LON:PHNX) has declined 22.06% since April 6, 2016 and is downtrending. It has underperformed by 23.27% the S&P500.
Phoenix Group Holdings (LON:PHNX) Ratings Coverage
Out of 11 analysts covering Phoenix Group Holdings (LON:PHNX), 4 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 36% are positive. Phoenix Group Holdings has been the topic of 50 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of Phoenix Group Holdings (LON:PHNX) has “Hold” rating given on Friday, September 18 by Deutsche Bank. The firm has “Overweight” rating by JP Morgan given on Tuesday, October 13. The firm earned “Underweight” rating on Wednesday, February 17 by Barclays Capital. The firm earned “Buy” rating on Thursday, September 10 by Canaccord Genuity. On Monday, December 7 the stock rating was maintained by Deutsche Bank with “Hold”. Canaccord Genuity maintained it with “Buy” rating and GBX 890 target price in Thursday, October 22 report. JP Morgan maintained it with “Overweight” rating and GBX 925 target price in Thursday, August 13 report. As per Friday, October 23, the company rating was maintained by JP Morgan. The stock of Phoenix Group Holdings (LON:PHNX) earned “Hold” rating by Canaccord Genuity on Thursday, August 20. Canaccord Genuity maintained it with “Hold” rating and GBX 850 target price in Friday, August 28 report.
Another recent and important Phoenix Group Holdings (LON:PHNX) news was published by Bloomberg.com which published an article titled: “Phoenix Group Is in Talks to Buy Cinven’s Guardian Financial” on September 17, 2015.
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 has a market cap of 2.79 billion GBP. The Firm operates through the Phoenix Life segment. It has a 12.33 P/E ratio. The Phoenix Life segment provides a range of whole life, term assurance and pension products.
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