Shares of Phoenix Group Holdings plc (LON:PHNX – Get Rating) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 743.75 ($8.94).
Several brokerages have recently issued reports on PHNX. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 680 ($8.18) target price on shares of Phoenix Group in a report on Wednesday, December 7th. Barclays dropped their price target on Phoenix Group from GBX 790 ($9.50) to GBX 765 ($9.20) and set an “overweight” rating for the company in a research report on Tuesday, February 14th. Berenberg Bank lifted their price target on Phoenix Group from GBX 815 ($9.80) to GBX 820 ($9.86) and gave the stock a “buy” rating in a research report on Monday, January 30th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Phoenix Group in a research report on Tuesday.
Phoenix Group Trading Down 2.8 %
Shares of PHNX stock opened at GBX 617.10 ($7.42) on Friday. Phoenix Group has a 12-month low of GBX 501 ($6.02) and a 12-month high of GBX 690.40 ($8.30). The company has a current ratio of 0.27, a quick ratio of 0.12 and a debt-to-equity ratio of 73.43. The stock’s 50-day moving average price is GBX 629.65 and its 200-day moving average price is GBX 597.36. The stock has a market capitalization of £6.17 billion, a price-to-earnings ratio of -588.76, a price-to-earnings-growth ratio of 1.95 and a beta of 0.78.
About Phoenix Group
Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It provides a range of pensions and savings products to support people across various stages of the savings life cycle.
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