# Phoenix Group Holdings PLC -19.3% potential downside indicated by JP Morgan Cazenove

- Link: https://www.directorstalkinterviews.com/phoenix-group-holdings-plc-19.3-potential-downside-indicated-by-jp-morgan-cazenove/4121138411
- Published: 2024-01-12T13:31:39+00:00
- Author: Charlotte Edwards

**[Phoenix Group Holdings PLC](https://www.directorstalkinterviews.com/ftse-company/phoenix-group-holdings/phnx.l)**
with ticker (LON:PHNX) now has a potential downside of -19.3% according to [JP Morgan](https://www.directorstalkinterviews.com/company/news/funds)
Cazenove.
JP Morgan Cazenove set a target price of 415 GBX for the company, which
when compared to the Phoenix Group Holdings PLC share price of 514 GBX at opening
today (12/01/2024) indicates a potential downside of -19.3%. Trading has ranged 
between 436 (52 week low) and 647 (52 week high) with an average of 1,964,308 shares
exchanging hands daily. The market capitalisation at the time of writing is £5,135,886,741.
Phoenix Group Holdings plc is a United Kingdom-based company that is engaged in 
long-term savings and retirement businesses. The Company offers a range of pensions
and savings products to support people across all stages of the savings life cycle.
The Company operates through four business segments: UK Heritage, UK Open, Europe,
and Management Services. The UK Heritage segment accepts incremental premiums on
in-force policies. The UK Open segment includes new and in-force life insurance 
and investment policies in respect of products, such as workplace pensions and self-
invested personal pensions (SIPPs), which are sold under the SunLife brand, and 
annuities, including bulk purchase annuity contracts. The European segment includes
products that are actively being marketed to new policyholders, and legacy in-force
products. The Management Services segment comprises life and holding companies. 
The Company’s brands include ReAssure, PHOENIX WEALTH, and PHOENIX IRELAND.

Share on: