Phoenix Group (LON:PHNX) Hits New 52-Week High – Still a Buy?

Phoenix Group Holdings plc (LON:PHNX) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 768.50 and last traded at GBX 767, with a volume of 2511655 shares traded. The stock had previously closed at GBX 761.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PHNX shares. UBS Group upgraded shares of Phoenix Group to a “buy” rating and increased their target price for the company from GBX 670 to GBX 770 in a research note on Wednesday, December 17th. Berenberg Bank raised their price objective on Phoenix Group from GBX 852 to GBX 918 and gave the stock a “buy” rating in a research report on Thursday, February 5th. JPMorgan Chase & Co. boosted their price objective on Phoenix Group from GBX 605 to GBX 620 and gave the company an “underweight” rating in a research report on Thursday, February 5th. Finally, The Goldman Sachs Group raised Phoenix Group to a “neutral” rating and raised their target price for the stock from GBX 593 to GBX 752 in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Phoenix Group has a consensus rating of “Hold” and an average price target of GBX 750.

Phoenix Group Stock Performance

The firm has a 50 day moving average price of GBX 738.19 and a two-hundred day moving average price of GBX 694.15. The company has a market capitalization of £7.69 billion, a P/E ratio of -12.11, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30.

Phoenix Group (LON:PHNX) last issued its quarterly earnings results on Monday, December 15th. The company reported GBX 32.70 EPS for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. On average, research analysts expect that Phoenix Group Holdings plc 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.