Phoenix Group (OTCMKTS:PNXGF) Stock Price Down 11.8%

Phoenix Group Holdings plc (OTCMKTS:PNXGF – Get Rating) traded down 11.8% during mid-day trading on Friday . The company traded as low as $6.75 and last traded at $6.75. 250 shares changed hands during trading, a decline of 73% from the average session volume of 933 shares. The stock had previously closed at $7.65.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on Phoenix Group from GBX 665 ($8.27) to GBX 655 ($8.15) in a research note on Tuesday, March 14th. Berenberg Bank raised their price objective on Phoenix Group from GBX 815 ($10.14) to GBX 820 ($10.20) in a research note on Tuesday, January 31st. Finally, Peel Hunt raised Phoenix Group to a “hold” rating in a research note on Tuesday, January 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Phoenix Group has a consensus rating of “Hold” and an average target price of $722.50.

Phoenix Group Stock Down 11.8 %

The company has a 50-day moving average price of $7.65 and a 200 day moving average price of $7.47.

Phoenix Group Company Profile

(Get Rating)

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.