JPMorgan Chase & Co. Issues Positive Forecast for Phoenix Group (LON:PHNX) Stock Price

Phoenix Group (LON:PHNX) had its price target increased by equities researchers at JPMorgan Chase & Co. from GBX 500 ($6.47) to GBX 565 ($7.31) in a research note issued to investors on Friday,Digital Look reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 1.06% from the stock’s previous close.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 650 ($8.42) target price on shares of Phoenix Group in a report on Monday, February 17th.

Phoenix Group Trading Down 0.6 %

Shares of Phoenix Group stock opened at GBX 571.05 ($7.39) on Friday. The stock has a market capitalization of £5.71 billion, a PE ratio of -10.94, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. Phoenix Group has a 52 week low of GBX 475 ($6.15) and a 52 week high of GBX 590 ($7.64). The stock has a 50 day moving average price of GBX 524.77 and a two-hundred day moving average price of GBX 519.80. The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30.

Phoenix Group (LON:PHNX) last posted its quarterly earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.59) 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%. As a group, equities analysts anticipate that Phoenix Group will post 51.179941 earnings per share for the current fiscal year.

Insider Buying and Selling at Phoenix Group

In other Phoenix Group news, insider Andrew Briggs sold 151,586 shares of Phoenix Group stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of GBX 582 ($7.53), for a total transaction of £882,230.52 ($1,142,193.84). Company insiders own 14.96% of the company’s stock.

Phoenix Group Company Profile

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.