Phoenix Group (LON:PHNX) Insider Acquires £155.02 in Stock

Phoenix Group Holdings plc (LON:PHNX) insider Nicolaos Nicandrou acquired 23 shares of the company’s stock in a transaction dated Thursday, November 6th. The stock was purchased at an average cost of GBX 674 per share, for a total transaction of £155.02.

Nicolaos Nicandrou also recently made the following trade(s):

• On Monday, October 6th, Nicolaos Nicandrou bought 22 shares of Phoenix Group stock. The shares were purchased at an average cost of GBX 500 per share, with a total value of £110.

Phoenix Group Price Performance

LON:PHNX opened at GBX 677.50 on Friday. Phoenix Group Holdings plc has a 52-week low of GBX 475.20 and a 52-week high of GBX 699.50. The business’s 50-day moving average price is GBX 659.28 and its 200 day moving average price is GBX 650.94. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. The firm has a market cap of £6.77 billion, a P/E ratio of -10.69, a PEG ratio of 1.95 and a beta of 0.73.

Phoenix Group (LON:PHNX) last released its earnings results on Monday, September 8th. The company reported GBX (18.20) earnings per share for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. As a group, sell-side analysts predict that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PHNX has been the subject of a number of research analyst reports. Royal Bank Of Canada cut their target price on Phoenix Group from GBX 725 to GBX 690 and set an “outperform” rating for the company in a research report on Thursday, July 24th. Berenberg Bank upped their price target on shares of Phoenix Group from GBX 850 to GBX 852 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, UBS Group restated a “neutral” rating and set a GBX 630 price objective on shares of Phoenix Group in a research report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Phoenix Group has a consensus rating of “Hold” and a consensus target price of GBX 684.25.

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.