Phoenix Group (LON:PHNX) Hits New 52-Week High – What’s Next?

Shares of Phoenix Group Holdings plc (LON:PHNX) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 732.50 and last traded at GBX 732, with a volume of 1787399 shares. The stock had previously closed at GBX 728.50.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Berenberg Bank increased their target price on shares of Phoenix Group from GBX 850 to GBX 852 and gave the company a “buy” rating in a report on Monday, October 13th. UBS Group raised Phoenix Group to a “buy” rating and raised their price objective for the company from GBX 670 to GBX 770 in a research note on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 719.25.

Phoenix Group Stock Performance

The business’s fifty day simple moving average is GBX 689.75 and its 200-day simple moving average is GBX 670.23. The firm has a market cap of £7.36 billion, a P/E ratio of -11.62, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32.

Phoenix Group (LON:PHNX) last posted its earnings results on Monday, December 15th. The company reported GBX 32.70 earnings per share 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, sell-side analysts expect that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current 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. This means providing the right guidance and products, at the right time, to support the right choices.
We focus on delivering value for our shareholders through long-term predictable cash generation, which supports a stable and sustainable dividend.