Phoenix Group (LON:PHNX) Price Target Raised to GBX 662 at Barclays

Phoenix Group (LON:PHNX) had its price target raised by Barclays from GBX 657 ($8.58) to GBX 662 ($8.65) in a report released on Wednesday, Stock Target Advisor reports. Barclays currently has an equal weight rating on the stock.

A number of other equities analysts also recently commented on PHNX. Deutsche Bank lifted their price target on Phoenix Group from GBX 740 ($9.67) to GBX 760 ($9.93) and gave the stock a hold rating in a research note on Monday. JPMorgan Chase & Co. cut their price objective on Phoenix Group from GBX 857 ($11.20) to GBX 846 ($11.05) and set an overweight rating on the stock in a research note on Monday, September 16th. Shore Capital reaffirmed an under review rating on shares of Phoenix Group in a report on Thursday, November 28th. Peel Hunt reiterated a reduce rating on shares of Phoenix Group in a report on Thursday, November 28th. Finally, Royal Bank of Canada reissued an outperform rating on shares of Phoenix Group in a research report on Friday, November 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. Phoenix Group has an average rating of Hold and an average price target of GBX 753 ($9.84).

Shares of PHNX traded down GBX 1 ($0.01) during midday trading on Wednesday, hitting GBX 739 ($9.66). The company had a trading volume of 851,705 shares, compared to its average volume of 1,360,000. The stock has a market cap of $5.33 billion and a price-to-earnings ratio of 12.70. The company’s 50 day moving average price is GBX 717.93 and its 200 day moving average price is GBX 692.98. The company has a quick ratio of 0.09, a current ratio of 0.19 and a debt-to-equity ratio of 38.77. Phoenix Group has a 52 week low of GBX 537.50 ($7.02) and a 52 week high of GBX 750.20 ($9.80).

Phoenix Group Company Profile

Phoenix Group Holdings, a closed life assurance fund consolidator, acquires and manages closed life and pension funds primarily in the United Kingdom. It operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It also provides financing services. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings in March 2010.

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Analyst Recommendations for Phoenix Group (LON:PHNX)

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