Berenberg Bank Forecasts Strong Price Appreciation for Phoenix Group (LON:PHNX) Stock

Phoenix Group (LON:PHNX) had its price target upped by analysts at Berenberg Bank from GBX 852 to GBX 918 in a research note issued on Thursday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 22.48% from the stock’s current price.

A number of other equities analysts have also commented on PHNX. UBS Group upgraded shares of Phoenix Group to a “buy” rating and boosted their price target for the company from GBX 670 to GBX 770 in a research report on Wednesday, December 17th. The Goldman Sachs Group upgraded shares of Phoenix Group to a “neutral” rating and lifted their target price for the company from GBX 593 to GBX 752 in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 750.

Phoenix Group Stock Down 0.7%

LON PHNX opened at GBX 749.50 on Thursday. Phoenix Group has a 1-year low of GBX 485.20 and a 1-year high of GBX 766. The company has a market capitalization of £7.51 billion, a price-to-earnings ratio of -11.82, a PEG ratio of 1.95 and a beta of 0.73. The stock’s 50 day moving average is GBX 726.16 and its two-hundred day moving average is GBX 687.54. 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 (LON:PHNX) last issued its earnings results on Monday, December 15th. The company reported GBX 32.70 earnings per share (EPS) for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. Equities analysts forecast that Phoenix Group will post 51.179941 earnings per share for the current fiscal year.

About Phoenix Group

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.