JPMorgan Chase & Co. Increases Phoenix Group (LON:PHNX) Price Target to GBX 620

Phoenix Group (LON:PHNX) had its price objective increased by research analysts at JPMorgan Chase & Co. from GBX 605 to GBX 620 in a research note issued on Thursday, Marketbeat reports. The brokerage currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 18.90% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. The Goldman Sachs Group raised Phoenix Group to a “neutral” rating and raised their price target for the company from GBX 593 to GBX 752 in a report on Wednesday, January 21st. UBS Group upgraded shares of Phoenix Group to a “buy” rating and raised their target price for the stock from GBX 670 to GBX 770 in a research note on Wednesday, December 17th. Finally, Berenberg Bank upped their price target on shares of Phoenix Group from GBX 852 to GBX 918 and gave the company a “buy” rating in a research note on Thursday. Three equities 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, the stock currently has an average rating of “Hold” and an average price target of GBX 750.

Phoenix Group Stock Performance

Shares of Phoenix Group stock traded up GBX 13 during trading on Thursday, hitting GBX 764.50. 10,477,022 shares of the stock were exchanged, compared to its average volume of 11,516,366. The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32. The company has a fifty day moving average price of GBX 723.68 and a 200-day moving average price of GBX 686.35. The stock has a market capitalization of £7.66 billion, a price-to-earnings ratio of -12.06, 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 766.

Phoenix Group (LON:PHNX) last announced its quarterly earnings results on Monday, December 15th. The company reported GBX 32.70 earnings per share for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. As a group, equities analysts predict that Phoenix Group will post 51.179941 EPS 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.