Phoenix Group (LON:PHNX) Hits New 1-Year High – What’s Next?

Phoenix Group Holdings plc (LON:PHNX) hit a new 52-week high on Friday . The stock traded as high as GBX 700 and last traded at GBX 699.50, with a volume of 4742921 shares changing hands. The stock had previously closed at GBX 694.50.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PHNX. UBS Group reiterated a “neutral” rating and set a GBX 630 target price on shares of Phoenix Group in a report on Friday, September 5th. Berenberg Bank upped their price objective on Phoenix Group from GBX 850 to GBX 852 and gave the stock a “buy” rating in a research note on Monday, October 13th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 684.25.

Phoenix Group Price Performance

The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32. The company has a market capitalization of £6.98 billion, a P/E ratio of -11.03, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a 50 day moving average price of GBX 670.25 and a 200 day moving average price of GBX 661.07.

Phoenix Group (LON:PHNX) last announced 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 net margin of 2.10% and a negative return on equity of 21.76%. On average, equities analysts predict that Phoenix Group Holdings plc will post 51.179941 EPS for the current fiscal year.

Phoenix Group Company Profile

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.