Berenberg Bank Reiterates Buy Rating for Phoenix Group (LON:PHNX)

Phoenix Group (LON:PHNX)‘s stock had its “buy” rating reiterated by Berenberg Bank in a note issued to investors on Thursday, Marketbeat reports. They presently have a GBX 770 ($9.64) target price on the stock. Berenberg Bank’s price target would suggest a potential upside of 43.12% from the stock’s current price.

Separately, Barclays increased their target price on shares of Phoenix Group from GBX 715 ($8.95) to GBX 718 ($8.99) and gave the stock an “overweight” rating in a research note on Thursday, September 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Phoenix Group has an average rating of “Hold” and an average target price of GBX 694.60 ($8.69).

Phoenix Group Stock Up 0.0 %

Phoenix Group stock opened at GBX 538 ($6.73) on Thursday. The company has a current ratio of 0.25, a quick ratio of 0.12 and a debt-to-equity ratio of 161.58. The firm has a market capitalization of £5.38 billion, a P/E ratio of -292.39, a P/E/G ratio of 1.95 and a beta of 0.78. The stock’s fifty day simple moving average is GBX 530.87 and its 200-day simple moving average is GBX 554.57. Phoenix Group has a twelve month low of GBX 501 ($6.27) and a twelve month high of GBX 647 ($8.10).

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.