Phoenix Group (LON:PHNX) Reaches New 1-Year High – Here’s Why

Phoenix Group Holdings plc (LON:PHNX) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 728.50 and last traded at GBX 727.50, with a volume of 1168728 shares changing hands. The stock had previously closed at GBX 728.50.

Wall Street Analyst Weigh In

Several research analysts have weighed in on PHNX shares. Berenberg Bank lifted their target price on Phoenix Group from GBX 850 to GBX 852 and gave the company a “buy” rating in a research note on Monday, October 13th. UBS Group reissued a “neutral” rating and issued a GBX 630 price objective on shares of Phoenix Group in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Phoenix Group presently has an average rating of “Hold” and an average price target of GBX 684.25.

Phoenix Group Trading Down 0.3%

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 firm has a market capitalization of £7.28 billion, a PE ratio of -11.49, a P/E/G ratio of 1.95 and a beta of 0.73. The business has a 50 day moving average price of GBX 683.53 and a 200-day moving average price of GBX 667.95.

Phoenix Group (LON:PHNX) last announced its quarterly earnings data on Monday, December 15th. The company reported GBX 32.70 earnings per share for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. 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.