Phoenix Group (LON:PHNX) Hits New 12-Month High – Still a Buy?

Phoenix Group Holdings plc (LON:PHNX) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 723.25 and last traded at GBX 718.50, with a volume of 95626734 shares traded. The stock had previously closed at GBX 696.

Analyst Ratings Changes

Several brokerages have commented on PHNX. UBS Group restated a “neutral” rating and set a GBX 630 price objective on shares of Phoenix Group in a research note on Friday, September 5th. Berenberg Bank boosted their target price on shares of Phoenix Group from GBX 850 to GBX 852 and gave the company a “buy” rating in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 684.25.

Phoenix Group Trading Up 3.2%

The firm has a market cap of £7.17 billion, a PE ratio of -11.32, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company has a 50-day simple moving average of GBX 676.42 and a 200 day simple moving average of GBX 664.66. The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32.

Phoenix Group (LON:PHNX) last posted 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%. As a group, sell-side analysts forecast that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current fiscal year.

About Phoenix Group

Phoenix is the UK’s largest long-term savings and retirement business with c. £300 billion of assets under administration and c. 12 million customers.
We are a constituent of the FTSE 100 with c. 7,800 colleagues and offer a broad range of products to support people across all stages of the savings life cycle.
We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.