Berenberg Bank Increases Phoenix Group (LON:PHNX) Price Target to GBX 918

Phoenix Group (LON:PHNX) had its price target raised by investment analysts at Berenberg Bank from GBX 852 to GBX 918 in a research note issued on Thursday, MarketBeat reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 20.08% from the company’s current price.

PHNX has been the topic of several other reports. UBS Group raised shares of Phoenix Group to a “buy” rating and increased their target price for the stock from GBX 670 to GBX 770 in a research note on Wednesday, December 17th. The Goldman Sachs Group upgraded shares of Phoenix Group to a “neutral” rating and upped their price objective for the company from GBX 593 to GBX 752 in a report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 750.

Phoenix Group Trading Up 1.7%

LON:PHNX traded up GBX 13 during trading hours on Thursday, hitting GBX 764.50. 10,477,022 shares of the company were exchanged, compared to its average volume of 11,516,366. The stock has a market capitalization of £7.66 billion, a price-to-earnings ratio of -12.06, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. 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 has a one year low of GBX 485.20 and a one year high of GBX 766. The company has a fifty day simple moving average of GBX 723.68 and a 200 day simple moving average of GBX 686.35.

Phoenix Group (LON:PHNX) last released its quarterly earnings results on Monday, December 15th. The company reported GBX 32.70 earnings per share (EPS) for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. Sell-side analysts expect that Phoenix Group will post 51.179941 EPS 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.