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Home / Momentum / Phoenix Holdings (PHNX.L) 18-12-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Phoenix Holdings (PHNX.L) 18-12-19

Will Phoenix Holdings (PHNX.L) continue this relentless rise, setting new highs?

 

  • Currently trading at 757p (at time of writing), performance has been exceptional of late.
  • Will it hit resistance, or is the trend your friend?
  • Is this one for momentum traders?
  • The price has been moving upwards, however, past performance is not necessarily an indication of the future.
  • Technical traders should be mindful of breaking news and events. This can influence price trends. Check our website and news outlets for updates.
  • Shares -0% from 12-month highs; +36% from 12 month lows.

Latest News

06 Dec:  JP Morgan Cazenove reiterates its overweight rating on Phoenix Group Holdings (PHNX) and increased the target price to 904p (from 846p).

06 Dec:  Phoenix, the insurance company,  stated that it had reached a deal to buy ReAssure, the life insurance consolidator, from Swiss Re and MS&AD Insurance for £3.2bn.

04 Dec:  Barclays Capital reiterates its equal weight rating on Phoenix Group Holdings (PHNX) and increased the target price to 662p (from 657p).

02 Dec:  Deutsche Bank reiterates its hold rating on Phoenix Group Holdings (PHNX) and increased the target price to 760p (from 740p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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