Phoenix Group (LON:PHNX) Reaches New 1-Year High – Here’s What Happened

Shares of Phoenix Group Holdings plc (LON:PHNX) hit a new 52-week high during trading on Monday . The company traded as high as GBX 732.50 and last traded at GBX 732, with a volume of 1787399 shares. The stock had previously closed at GBX 728.50.

Wall Street Analysts Forecast Growth

PHNX has been the subject of a number of research analyst reports. UBS Group raised shares of Phoenix Group to a “buy” rating and lifted their target price for the stock from GBX 670 to GBX 770 in a research report on Wednesday, December 17th. Berenberg Bank raised their price target on Phoenix Group from GBX 850 to GBX 852 and gave the stock a “buy” rating in a research note on Monday, October 13th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 719.25.

Phoenix Group Trading Up 0.3%

The stock has a market capitalization of £7.30 billion, a PE ratio of -11.52, a PEG ratio of 1.95 and a beta of 0.73. The stock’s 50 day moving average price is GBX 686.46 and its 200-day moving average price is GBX 669.09. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32.

Phoenix Group (LON:PHNX) last issued its earnings results on Monday, December 15th. The company reported GBX 32.70 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%. On average, sell-side analysts expect that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current fiscal year.

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. This means providing the right guidance and products, at the right time, to support the right choices.
We focus on delivering value for our shareholders through long-term predictable cash generation, which supports a stable and sustainable dividend.