JPMorgan Chase & Co. Boosts Phoenix Group (LON:PHNX) Price Target to GBX 505

Phoenix Group (LON:PHNX) had its target price increased by JPMorgan Chase & Co. from GBX 500 ($6.43) to GBX 505 ($6.50) in a report released on Thursday morning, Marketbeat.com reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

Separately, Berenberg Bank cut their target price on Phoenix Group from GBX 739 ($9.51) to GBX 650 ($8.36) and set a buy rating on the stock in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of GBX 610.60 ($7.85).

Phoenix Group Trading Down 2.6 %

Shares of Phoenix Group stock opened at GBX 529 ($6.80) on Thursday. The company has a debt-to-equity ratio of 176.72, a quick ratio of 0.12 and a current ratio of 0.19. Phoenix Group has a 52 week low of GBX 436.40 ($5.61) and a 52 week high of GBX 560.50 ($7.21). The stock has a 50 day moving average price of GBX 518.15 and a two-hundred day moving average price of GBX 511.59. The stock has a market capitalization of £5.29 billion, a PE ratio of -3,778.57, a price-to-earnings-growth ratio of 1.95 and a beta of 0.77.

Phoenix Group Company Profile

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through five segments: Retirement Solutions, Pensions & Savings, With-Profits, SunLife & Protection, and Europe & Other. It provides a range of savings and retirement income products to support people across various stages of the savings life cycle.