Phoenix Group (LON:PHNX) Price Target Raised to GBX 852

Phoenix Group (LON:PHNX) had its price target upped by Berenberg Bank from GBX 850 to GBX 852 in a research note issued to investors on Monday, MarketBeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. UBS Group reissued a “neutral” rating and set a GBX 630 price target on shares of Phoenix Group in a research report on Friday, September 5th. Royal Bank Of Canada reduced their price target on shares of Phoenix Group from GBX 725 to GBX 690 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 684.25.

Phoenix Group Stock Down 0.1%

PHNX stock opened at GBX 675.50 on Monday. The firm has a 50 day moving average of GBX 664.86 and a 200 day moving average of GBX 635.68. The stock has a market capitalization of £6.75 billion, a PE ratio of -1,065.46, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. Phoenix Group has a 52 week low of GBX 475.20 and a 52 week high of GBX 699.50.

Phoenix Group (LON:PHNX) last posted its quarterly earnings results on Monday, September 8th. The company reported GBX (18.20) earnings per share (EPS) for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. Sell-side analysts forecast that Phoenix Group will post 51.179941 earnings per share for the current year.

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.