Phoenix Group Holdings PLC -6.5% potential downside indicated by JP Morgan Cazenove

Phoenix Group Holdings PLC with ticker (LON:PHNX) now has a potential downside of -6.5% according to JP Morgan Cazenove.

PHNX.L

JP Morgan Cazenove set a target price of 505 GBX for the company, which when compared to the Phoenix Group Holdings PLC share price of 540 GBX at opening today (13/08/2024) indicates a potential downside of -6.5%. Trading has ranged between 436 (52 week low) and 561 (52 week high) with an average of 1,855,932 shares exchanging hands daily. The market capitalisation at the time of writing is £5,421,748,924.

Phoenix Group Holdings plc is a United Kingdom-based long-term savings and retirement businesses company. The Company offers a range of savings and retirement income products to support people across all stages of the savings life cycle. Its segments include Retirement Solutions, Pensions & Savings, With-Profits, and Europe & Other. The Retirement Solutions segment includes new, and in-force individual annuity and bulk purchase annuity contracts. The Retirement Solutions segment also includes United Kingdom individual annuity business. The Pensions & Savings segment includes new and in-force life insurance and investment unit-linked policies. The With-Profits segment includes all policies written by the Company’s with-profit funds, with the exception of Standard Life Heritage With-Profit Fund contracts. The Europe & Other segment includes business written in Ireland and Germany. It also includes protection products and products sold under the SunLife brand.