Phoenix Group Holdings PLC 28.3% potential upside indicated by JP Morgan Cazenove

Broker Ratings

Phoenix Group Holdings PLC with ticker (LON:PHNX) now has a potential upside of 28.3% according to JP Morgan Cazenove.

JP Morgan Cazenove set a target price of 800 GBX for the company, which when compared to the Phoenix Group Holdings PLC share price of 574 GBX at opening today (06/07/2022) indicates a potential upside of 28.3%. Trading has ranged between 559 (52 week low) and 705 (52 week high) with an average of 2,784,998 shares exchanging hands daily. The market capitalisation at the time of writing is £5,735,340,705.

Phoenix Group Holdings plc is a United Kingdom-based company, which is engaged in long-term savings and retirement business. The Company operates through four business segments: UK Heritage, UK Open Europe and Management Services. The UK Heritage segment provides a range of life and pensions products. Assets under administration in its open business are held in three product lines: Workplace, Retail pensions and Wrap. It also includes capital-light products. UK Open business relates to its pension and long-term savings products sold under the Standard Life brand. The European segment distributes unit linked life assurance products which have no material guarantees. Its Management Services segment comprises life and holding companies. Its SunLife brand provides customers with a range of specialist products, including life cover, equity release and funeral plans.

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