Phoenix Group (LON:PHNX) Hits New 52-Week High at $574.50

Phoenix Group Holdings plc (LON:PHNX) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 574.50 ($7.51) and last traded at GBX 569.50 ($7.45), with a volume of 1274548 shares changing hands. The stock had previously closed at GBX 569.50 ($7.45).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their price objective on Phoenix Group from GBX 500 ($6.54) to GBX 505 ($6.60) and gave the stock an “underweight” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Phoenix Group currently has an average rating of “Hold” and a consensus price target of GBX 610.60 ($7.98).

Phoenix Group Stock Performance

The company has a debt-to-equity ratio of 176.72, a quick ratio of 0.12 and a current ratio of 0.19. The company’s 50 day moving average price is GBX 546.82 and its 200-day moving average price is GBX 521.13. The company has a market cap of £5.71 billion, a PE ratio of -4,067.86, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

Phoenix Group Company Profile

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through five segments: Retirement Solutions, Pensions & Savings, With-Profits, SunLife & Protection, and Europe & Other. It provides a range of savings and retirement income products to support people across various stages of the savings life cycle.