Phoenix Group’s (PHNX) Buy Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Phoenix Group (LON:PHNX) in a report published on Wednesday morning, MarketBeat Ratings reports. They currently have a GBX 850 target price on the stock.

Separately, Royal Bank Of Canada cut their price objective on Phoenix Group from GBX 725 to GBX 690 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 683.75.

Phoenix Group Trading Up 1.3%

PHNX opened at GBX 669 on Wednesday. The stock has a fifty day moving average price of GBX 665.88 and a 200-day moving average price of GBX 613.46. Phoenix Group has a 12 month low of GBX 475.20 and a 12 month high of GBX 699.50. The firm has a market cap of £6.68 billion, a price-to-earnings ratio of -598.39, a PEG 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 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.