Barclays Cuts Phoenix Group (LON:PHNX) Price Target to GBX 658
Phoenix Group (LON:PHNX) had its target price reduced by Barclays from GBX 662 ($8.71) to GBX 658 ($8.66) in a research report report published on Monday, Stock Target Advisor reports. They currently have an equal weight rating on the stock.
A number of other equities analysts have also recently weighed in on PHNX. JPMorgan Chase & Co. lifted their price target on Phoenix Group from GBX 846 ($11.13) to GBX 904 ($11.89) and gave the stock an overweight rating in a research note on Friday, December 6th. Deutsche Bank reissued a hold rating on shares of Phoenix Group in a research note on Monday, February 3rd. Royal Bank of Canada reissued an outperform rating on shares of Phoenix Group in a research note on Wednesday, December 11th. Shore Capital reissued an under review rating on shares of Phoenix Group in a research note on Friday, December 6th. Finally, Peel Hunt reissued a reduce rating on shares of Phoenix Group in a research note on Monday, February 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Phoenix Group has a consensus rating of Hold and an average target price of GBX 762 ($10.02).
LON:PHNX opened at GBX 793.80 ($10.44) on Monday. The business’s 50-day moving average price is GBX 756.12 and its 200 day moving average price is GBX 713.25. The firm has a market cap of $5.75 billion and a P/E ratio of 13.64. Phoenix Group has a 52-week low of GBX 626.40 ($8.24) and a 52-week high of GBX 790.30 ($10.40). The company has a quick ratio of 0.09, a current ratio of 0.19 and a debt-to-equity ratio of 38.77.
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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