Phoenix Group (LON:PHNX) Posts Quarterly Earnings Results

Phoenix Group (LON:PHNX) released its earnings results on Monday. The company reported GBX 32.70 EPS for the quarter, reports. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%.

Phoenix Group Stock Up 2.9%

Shares of LON PHNX opened at GBX 695 on Monday. The stock has a market capitalization of £6.94 billion, a price-to-earnings ratio of -10.96, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. Phoenix Group has a 52 week low of GBX 475.20 and a 52 week high of GBX 700. The firm has a 50-day moving average price of GBX 675.11 and a 200 day moving average price of GBX 663.79. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PHNX. Berenberg Bank increased their price target on shares of Phoenix Group from GBX 850 to GBX 852 and gave the stock a “buy” rating in a report on Monday, October 13th. UBS Group reiterated a “neutral” rating and set a GBX 630 target price on shares of Phoenix Group in a research report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Phoenix Group currently has a consensus rating of “Hold” and an average target price of GBX 684.25.

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.