Phoenix Group (LON:PHNX) Sets New 1-Year High – Still a Buy?

Shares of Phoenix Group Holdings plc (LON:PHNX) reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 774.50 and last traded at GBX 774.50, with a volume of 6001339 shares trading hands. The stock had previously closed at GBX 766.50.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PHNX shares. JPMorgan Chase & Co. increased their target price on shares of Phoenix Group from GBX 605 to GBX 620 and gave the stock an “underweight” rating in a research report on Thursday, February 5th. Berenberg Bank upped their price target on shares of Phoenix Group from GBX 852 to GBX 918 and gave the company a “buy” rating in a report on Thursday, February 5th. UBS Group raised Phoenix Group to a “buy” rating and increased their price objective for the company from GBX 670 to GBX 770 in a research report on Wednesday, December 17th. Finally, The Goldman Sachs Group raised shares of Phoenix Group to a “neutral” rating and increased their price target 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 issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 750.

Phoenix Group Price Performance

The stock has a market cap of £7.73 billion, a price-to-earnings ratio of -12.17, a P/E/G 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. The stock’s 50 day simple moving average is GBX 741.62 and its two-hundred day simple moving average is GBX 696.02.

Phoenix Group (LON:PHNX) last released its quarterly earnings data on Monday, December 15th. The company reported GBX 32.70 EPS for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. On average, analysts forecast that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current fiscal year.

Phoenix Group Company Profile

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.