Peel Hunt Reiterates Reduce Rating for Phoenix Group (LON:PHNX)

Peel Hunt reaffirmed their reduce rating on shares of Phoenix Group (LON:PHNX) in a research report sent to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

PHNX has been the topic of a number of other reports. Deutsche Bank reissued a hold rating on shares of Phoenix Group in a report on Monday, February 3rd. JPMorgan Chase & Co. boosted their target price on shares of Phoenix Group from GBX 846 ($11.13) to GBX 904 ($11.89) and gave the stock an overweight rating in a report on Friday, December 6th. Royal Bank of Canada reissued an outperform rating on shares of Phoenix Group in a report on Monday, February 10th. Barclays reduced their target price on shares of Phoenix Group from GBX 662 ($8.71) to GBX 658 ($8.66) and set an equal weight rating on the stock in a report on Monday, February 10th. Finally, Shore Capital reissued an under review rating on shares of Phoenix Group in a report on Friday, December 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Phoenix Group has an average rating of Hold and an average price target of GBX 762 ($10.02).

PHNX opened at GBX 691.20 ($9.09) on Tuesday. Phoenix Group has a fifty-two week low of GBX 626.40 ($8.24) and a fifty-two week high of GBX 806 ($10.60). The company has a debt-to-equity ratio of 38.77, a current ratio of 0.19 and a quick ratio of 0.09. The firm has a market capitalization of $4.96 billion and a price-to-earnings ratio of 11.88. The company’s 50 day moving average price is GBX 763.67 and its two-hundred day moving average price is GBX 719.25.

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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Analyst Recommendations for Phoenix Group (LON:PHNX)

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