Phoenix Group (LON:PHNX) Sets New 52-Week High – Should You Buy?

Phoenix Group Holdings plc (LON:PHNX)’s share price hit a new 52-week high on Wednesday . The stock traded as high as GBX 760 and last traded at GBX 757.50, with a volume of 9830009 shares trading hands. The stock had previously closed at GBX 751.50.

Analysts Set New Price Targets

Several analysts have commented on PHNX shares. Berenberg Bank raised their price objective on Phoenix Group from GBX 850 to GBX 852 and gave the company a “buy” rating in a report on Monday, October 13th. The Goldman Sachs Group raised shares of Phoenix Group to a “neutral” rating and lifted their price target for the company from GBX 593 to GBX 752 in a research note on Wednesday, January 21st. Finally, UBS Group upgraded shares of Phoenix Group to a “buy” rating and upped their price objective for the stock from GBX 670 to GBX 770 in a research report on Wednesday, December 17th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Phoenix Group presently has an average rating of “Hold” and a consensus target price of GBX 725.80.

Phoenix Group Price Performance

The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12. The stock has a market capitalization of £7.63 billion, a price-to-earnings ratio of -12.02, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The stock has a 50 day moving average price of GBX 722.20 and a 200-day moving average price of GBX 685.80.

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%. On average, analysts forecast that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current 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.