Phoenix Group’s (PHNX) Outperform Rating Reiterated at Royal Bank of Canada

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Royal Bank of Canada reaffirmed their outperform rating on shares of Phoenix Group (LON:PHNX) in a report released on Friday, Digital Look reports.

Several other brokerages also recently commented on PHNX. JPMorgan Chase & Co. cut their target price on Phoenix Group from GBX 857 ($11.20) to GBX 846 ($11.05) and set an overweight rating on the stock in a report on Monday, September 16th. Shore Capital reaffirmed an under review rating on shares of Phoenix Group in a report on Thursday. Deutsche Bank reaffirmed a hold rating on shares of Phoenix Group in a report on Tuesday, September 3rd. Peel Hunt reaffirmed a reduce rating on shares of Phoenix Group in a report on Thursday. Finally, Barclays reaffirmed an equal weight rating on shares of Phoenix Group in a report on Thursday, October 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Phoenix Group presently has a consensus rating of Hold and a consensus target price of GBX 748.83 ($9.78).

Shares of PHNX stock opened at GBX 745.50 ($9.74) on Friday. The firm has a market capitalization of $5.38 billion and a P/E ratio of 12.81. Phoenix Group has a twelve month low of GBX 537.50 ($7.02) and a twelve month high of GBX 738.20 ($9.65). The company has a quick ratio of 0.09, a current ratio of 0.19 and a debt-to-equity ratio of 38.77. The stock’s fifty day simple moving average is GBX 713.60 and its 200 day simple moving average is GBX 691.48.

About Phoenix Group

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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