Phoenix Group (LON:PHNX) Sets New 12-Month High – Here’s Why

Phoenix Group Holdings plc (LON:PHNX) shares reached a new 52-week high during trading on Friday . The stock traded as high as GBX 768.50 and last traded at GBX 767, with a volume of 2511655 shares. The stock had previously closed at GBX 761.

Analyst Ratings Changes

PHNX has been the topic of several analyst reports. Berenberg Bank raised their target price on shares of Phoenix Group from GBX 852 to GBX 918 and gave the company a “buy” rating in a report on Thursday, February 5th. JPMorgan Chase & Co. lifted their price objective on shares of Phoenix Group from GBX 605 to GBX 620 and gave the stock an “underweight” rating in a research report on Thursday, February 5th. UBS Group raised Phoenix Group to a “buy” rating and increased their target price for the company from GBX 670 to GBX 770 in a report on Wednesday, December 17th. Finally, The Goldman Sachs Group raised Phoenix Group to a “neutral” rating and lifted their price target for the stock from GBX 593 to GBX 752 in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Phoenix Group currently has an average rating of “Hold” and an average price target of GBX 750.

Phoenix Group Price Performance

The stock’s 50-day moving average is GBX 736.34 and its 200 day moving average is GBX 693.37. The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30. The stock has a market capitalization of £7.69 billion, a PE ratio of -12.11, a P/E/G ratio of 1.95 and a beta of 0.73.

Phoenix Group (LON:PHNX) last released its quarterly earnings data on Monday, December 15th. The company reported GBX 32.70 earnings per share (EPS) for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. As a group, equities analysts expect that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current year.

Phoenix Group Company Profile

Phoenix Group is one of the UK’s largest long-term savings and retirement businesses with over £290 billion of assets under administration and c. 12 million customers. We were founded in 1782 and are based in London, UK, and our family of brands include Standard Life, SunLife and ReAssure. We are a constituent of the FTSE 100 with c. 6,600 colleagues and offer a broad range of savings and retirement income products to support people across all stages of their savings journey. We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.