Phoenix Group (LON:PHNX) Price Target Cut to GBX 658 by Analysts at Barclays
Phoenix Group (LON:PHNX) had its target price decreased by Barclays from GBX 662 ($8.71) to GBX 658 ($8.66) in a research report sent to investors on Monday, Stock Target Advisor reports. Barclays currently has an equal weight rating on the stock.
A number of other equities analysts have also commented on PHNX. JPMorgan Chase & Co. raised their price objective on shares of Phoenix Group from GBX 846 ($11.13) to GBX 904 ($11.89) and gave the stock an overweight rating in a research note on Friday, December 6th. Shore Capital reaffirmed an under review rating on shares of Phoenix Group in a research note on Friday, December 6th. Peel Hunt reaffirmed a reduce rating on shares of Phoenix Group in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed an outperform rating on shares of Phoenix Group in a research note on Wednesday, December 11th. Finally, Deutsche Bank reaffirmed a hold rating on shares of Phoenix Group in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 762 ($10.02).
Phoenix Group stock opened at GBX 795.70 ($10.47) on Monday. The company has a 50 day moving average price of GBX 756.88 and a 200 day moving average price of GBX 713.64. Phoenix Group has a 52 week low of GBX 626.40 ($8.24) and a 52 week high of GBX 790.30 ($10.40). The company has a debt-to-equity ratio of 38.77, a quick ratio of 0.09 and a current ratio of 0.19. The firm has a market capitalization of $5.73 billion and a price-to-earnings ratio of 13.67.
Phoenix Group Holdings, a closed life assurance fund consolidator, acquires and manages closed life and pension funds primarily in the United Kingdom. It operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It also provides financing services. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings in March 2010.
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