Berenberg Bank Issues Positive Forecast for Phoenix Group (LON:PHNX) Stock Price

Phoenix Group (LON:PHNX) had its price objective hoisted by Berenberg Bank from GBX 852 to GBX 918 in a report issued on Thursday morning, Marketbeat reports. They currently have a buy rating on the stock.

PHNX has been the subject of several other research reports. UBS Group raised Phoenix Group to a “buy” rating and raised their target price for the stock from GBX 670 to GBX 770 in a research note on Wednesday, December 17th. The Goldman Sachs Group upgraded Phoenix Group to a “neutral” rating and increased their price target for the stock from GBX 593 to GBX 752 in a report on Wednesday, January 21st. Three investment 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’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of GBX 750.

Phoenix Group Price Performance

Phoenix Group stock opened at GBX 749.50 on Thursday. 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 50-day moving average price of GBX 725.09 and a 200 day moving average price of GBX 686.89. Phoenix Group has a 12-month low of GBX 485.20 and a 12-month high of GBX 766. The stock has a market cap of £7.51 billion, a P/E ratio of -11.82, a PEG ratio of 1.95 and a beta of 0.73.

Phoenix Group (LON:PHNX) last posted its quarterly 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%. Sell-side analysts anticipate that Phoenix Group 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.