Phoenix Group Holdings PLC 16.3% potential upside indicated by Barclays

Phoenix Group Holdings PLC with ticker (LON:PHNX) now has a potential upside of 16.3% according to Barclays.



Barclays set a target price of 800 GBX for the company, which when compared to the Phoenix Group Holdings PLC share price of 670 GBX at opening today (27/10/2021) indicates a potential upside of 16.3%. Trading has ranged between 616 (52 week low) and 824 (52 week high) with an average of 2,120,529 shares exchanging hands daily. The market capitalisation at the time of writing is £6,692,015,762.

Phoenix Group Holdings plc is a United Kingdom-based company that specializes in the acquisition and management of closed life insurance and pension funds. The Company operates through three business segments: UK Heritage, UK Open and Europe. 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 SunLife brand provides customers with a range of specialist products, including life cover, equity release and funeral plans. Its subsidiaries include Phoenix Life Limited, Phoenix Life Assurance Limited, ReAssure Group plc and Abbey Life Assurance Company Limited.