Phoenix Group Holdings PLC 7.7% potential upside indicated by JP Morgan

Phoenix Group Holdings PLC with ticker (LON:PHNX) now has a potential upside of 7.7% according to JP Morgan.



JP Morgan set a target price of 670 GBX for the company, which when compared to the Phoenix Group Holdings PLC share price of 619 GBX at opening today (10/01/2023) indicates a potential upside of 7.7%. Trading has ranged between 501 (52 week low) and 704 (52 week high) with an average of 1,953,693 shares exchanging hands daily. The market capitalisation at the time of writing is £6,202,182,400.

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. The UK Open segment includes in-force life insurance and investment policies. This includes 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 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.