Phoenix Group Holdings PLC -22.1% potential downside indicated by JP Morgan Cazenove

Phoenix Group Holdings PLC with ticker (LON:PHNX) now has a potential downside of -22.1% according to JP Morgan 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 533 GBX at opening today (29/12/2023) indicates a potential downside of -22.1%. Trading has ranged between 436 (52 week low) and 647 (52 week high) with an average of 2,656,518 shares exchanging hands daily. The market capitalisation at the time of writing is £5,360,220,794.

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.