The Goldman Sachs Group Upgrades Phoenix Group (LON:PHNX) to Neutral

Phoenix Group (LON:PHNX) was upgraded by investment analysts at The Goldman Sachs Group to a “neutral” rating in a report issued on Wednesday,Digital Look reports. The firm presently has a GBX 752 price target on the stock, up from their previous price target of GBX 593. The Goldman Sachs Group’s target price would indicate a potential upside of 2.45% from the company’s current price.

PHNX has been the subject of several other research 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 report on Wednesday, December 17th. Berenberg Bank increased their target price on shares of Phoenix Group from GBX 850 to GBX 852 and gave the stock a “buy” rating in a research report on Monday, October 13th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Phoenix Group presently has a consensus rating of “Hold” and an average target price of GBX 725.80.

Phoenix Group Stock Up 0.1%

Shares of PHNX stock traded up GBX 1 during trading on Wednesday, reaching GBX 734. The company’s stock had a trading volume of 216,688,531 shares, compared to its average volume of 20,454,889. Phoenix Group has a one year low of GBX 485.20 and a one year high of GBX 756.50. The business has a fifty day moving average price of GBX 708.35 and a 200-day moving average price of GBX 679.27. The company has a market cap of £7.35 billion, a price-to-earnings ratio of -11.58, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. 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 quarterly earnings results on Monday, December 15th. The company reported GBX 32.70 EPS for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. Analysts anticipate that Phoenix Group will post 51.179941 earnings per share for the current year.

Phoenix Group Company Profile

Phoenix Group is one of the UK’s largest long-term savings and retirement businesses with over £290 billion of assets under administration and c. 12 million customers. We were founded in 1782 and are based in London, UK, and our family of brands include Standard Life, SunLife and ReAssure. We are a constituent of the FTSE 100 with c. 6,600 colleagues and offer a broad range of savings and retirement income products to support people across all stages of their savings journey. We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.