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

Phoenix Group Holdings plc (LON:PHNX) shares hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 732.50 and last traded at GBX 732, with a volume of 1787399 shares changing hands. The stock had previously closed at GBX 728.50.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on PHNX shares. UBS Group raised shares of Phoenix Group to a “buy” rating and boosted their target price for the stock from GBX 670 to GBX 770 in a report on Wednesday, December 17th. Berenberg Bank increased their price objective on shares of Phoenix Group from GBX 850 to GBX 852 and gave the company a “buy” rating in a report on Monday, October 13th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Phoenix Group has a consensus rating of “Moderate Buy” and an average target price of GBX 719.25.

Phoenix Group Price Performance

The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32. The firm’s 50-day moving average price is GBX 686.46 and its 200-day moving average price is GBX 669.09. The stock has a market capitalization of £7.30 billion, a PE ratio of -11.52, a PEG ratio of 1.95 and a beta of 0.73.

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

About Phoenix Group

Phoenix is the UK’s largest long-term savings and retirement business with c. £300 billion of assets under administration and c. 12 million customers.
We are a constituent of the FTSE 100 with c. 7,800 colleagues and offer a broad range of products to support people across all stages of the savings life cycle.
We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities. This means providing the right guidance and products, at the right time, to support the right choices.
We focus on delivering value for our shareholders through long-term predictable cash generation, which supports a stable and sustainable dividend.