Phoenix Group (LON:PHNX) Insider Purchases £155.02 in Stock

Phoenix Group Holdings plc (LON:PHNX) insider Nicolaos Nicandrou bought 23 shares of the business’s stock in a transaction dated Thursday, November 6th. The stock was acquired at an average cost of GBX 674 per share, for a total transaction of £155.02.

Nicolaos Nicandrou also recently made the following trade(s):

• On Monday, October 6th, Nicolaos Nicandrou bought 22 shares of Phoenix Group stock. The stock was acquired at an average cost of GBX 500 per share, for a total transaction of £110.

Phoenix Group Stock Up 0.6%

PHNX traded up GBX 4 during trading hours on Thursday, reaching GBX 683.50. 2,304,157 shares of the stock traded hands, compared to its average volume of 7,398,500. The firm’s fifty day simple moving average is GBX 659.48 and its two-hundred day simple moving average is GBX 649.54. The company has a market cap of £6.83 billion, a price-to-earnings ratio of -10.78, a PEG ratio of 1.95 and a beta of 0.73. Phoenix Group Holdings plc has a fifty-two week low of GBX 475.20 and a fifty-two week high of GBX 699.50. The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12.

Phoenix Group (LON:PHNX) last released its quarterly earnings results on Monday, September 8th. The company reported GBX (18.20) earnings per share 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, analysts forecast that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PHNX shares. Berenberg Bank raised their price target 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. UBS Group reaffirmed a “neutral” rating and set a GBX 630 price target on shares of Phoenix Group in a report on Friday, September 5th. Finally, Royal Bank Of Canada decreased their price objective on shares of Phoenix Group from GBX 725 to GBX 690 and set an “outperform” rating for the company in a report on Thursday, July 24th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of GBX 684.25.

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.