Phoenix Group (LON:PHNX) Insider Andrew Briggs Purchases 21 Shares

Phoenix Group Holdings plc (LON:PHNX) insider Andrew Briggs bought 21 shares of the stock in a transaction on Thursday, February 5th. The shares were bought at an average cost of GBX 562 per share, for a total transaction of £118.02.

Andrew Briggs also recently made the following trade(s):

• On Tuesday, January 6th, Andrew Briggs acquired 20 shares of Phoenix Group stock. The stock was bought at an average price of GBX 550 per share, with a total value of £110.
• On Friday, December 5th, Andrew Briggs acquired 22 shares of Phoenix Group stock. The shares were bought at an average price of GBX 519 per share, for a total transaction of £114.18.

Phoenix Group Price Performance

Shares of LON:PHNX opened at GBX 749.50 on Friday. The stock has a market cap 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 company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12. Phoenix Group Holdings plc has a 12 month low of GBX 485.20 and a 12 month high of GBX 766. The stock’s 50 day moving average price is GBX 726.16 and its 200 day moving average price is GBX 687.54.

Phoenix Group (LON:PHNX) last posted its quarterly earnings data 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%. Equities research analysts anticipate that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.