Phoenix Group (LON:PHNX) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Phoenix Group (LON:PHNX) to a neutral rating in a report published on Wednesday morning, MarketBeat reports. The firm currently has GBX 752 price objective on the stock, up from their prior price objective of GBX 593.

A number of other equities analysts have also weighed in on the company. Berenberg Bank upped their price objective on Phoenix Group from GBX 850 to GBX 852 and gave the stock a “buy” rating in a research note on Monday, October 13th. UBS Group raised Phoenix Group to a “buy” rating and boosted their price target for the stock from GBX 670 to GBX 770 in a report on Wednesday, December 17th. Three 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. According to MarketBeat.com, Phoenix Group has an average rating of “Hold” and a consensus price target of GBX 725.80.

Phoenix Group Stock Performance

Shares of LON PHNX opened at GBX 725 on Wednesday. The stock has a market cap of £7.26 billion, a PE ratio of -11.44, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. Phoenix Group has a 1 year low of GBX 485.20 and a 1 year high of GBX 756.50. The firm has a fifty day moving average price of GBX 711.48 and a 200-day moving average price of GBX 680.59. 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 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%. Equities analysts anticipate that Phoenix Group will post 51.179941 earnings per share for the current fiscal 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.