Phoenix Group (LON:PHNX – Get Free Report) posted its quarterly earnings results on Monday. The company reported GBX (18.20) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%.
Phoenix Group Stock Up 1.3%
PHNX opened at GBX 638 on Wednesday. The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12. The company’s 50-day moving average is GBX 664.44 and its 200 day moving average is GBX 615.93. Phoenix Group has a fifty-two week low of GBX 475.20 and a fifty-two week high of GBX 699.50. The firm has a market capitalization of £6.37 billion, a P/E ratio of -570.66, a PEG ratio of 1.95 and a beta of 0.73.
Analysts Set New Price Targets
Several research firms have recently issued reports on PHNX. Berenberg Bank reaffirmed a “buy” rating and set a GBX 850 price target on shares of Phoenix Group in a research note on Wednesday, September 3rd. Royal Bank Of Canada lowered their target price on shares of Phoenix Group from GBX 725 to GBX 690 and set an “outperform” rating for the company in a research note on Thursday, July 24th. Finally, UBS Group reissued a “neutral” rating and set a GBX 630 target price on shares of Phoenix Group in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Phoenix Group has a consensus rating of “Hold” and a consensus target price of GBX 683.75.
About Phoenix Group
Phoenix is the UK’s largest long-term savings and retirement business with c. £300 billion of assets under administration and c. 12 million customers.
We are a constituent of the FTSE 100 with c. 7,800 colleagues and offer a broad range of products to support people across all stages of the savings life cycle.
We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.
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