Investment analysts at Peel Hunt began coverage on shares of Phoenix Group (LON:PHNX) in a report released on Friday, ThisIsMoney.Co.Uk reports. The brokerage set a “reduce” rating and a GBX 605 ($7.91) price target on the stock. Peel Hunt’s price objective would suggest a potential downside of 15.29% from the company’s previous close.
A number of other research analysts also recently issued reports on PHNX. Barclays dropped their target price on shares of Phoenix Group from GBX 664 ($8.68) to GBX 657 ($8.58) and set an “equal weight” rating on the stock in a research report on Tuesday, September 3rd. JPMorgan Chase & Co. dropped their target price on shares of Phoenix Group from GBX 857 ($11.20) to GBX 846 ($11.05) and set an “overweight” rating on the stock in a research report on Monday, September 16th. Deutsche Bank reiterated a “hold” rating on shares of Phoenix Group in a research report on Tuesday, September 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a GBX 820 ($10.71) target price on shares of Phoenix Group in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 748.83 ($9.78).
LON:PHNX opened at GBX 714.20 ($9.33) on Friday. The firm’s fifty day moving average is GBX 675.90 and its 200-day moving average is GBX 688.43. The company has a debt-to-equity ratio of 38.77, a quick ratio of 0.09 and a current ratio of 0.19. Phoenix Group has a 52 week low of GBX 537.50 ($7.02) and a 52 week high of GBX 735.20 ($9.61). The firm has a market cap of $5.15 billion and a P/E ratio of 12.27.
Phoenix Group (LON:PHNX) last posted its quarterly earnings data on Wednesday, August 7th. The company reported GBX 3.70 ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 11.70 ($0.15) by GBX (8) (($0.10)). As a group, sell-side analysts anticipate that Phoenix Group will post 2654.9998018 earnings per share for the current year.
About Phoenix Group
Phoenix Group Holdings, a closed life assurance fund consolidator, acquires and manages closed life and pension funds primarily in the United Kingdom. It operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It also provides financing services. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings in March 2010.
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