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

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

Separately, Berenberg Bank reduced their price target on shares of Phoenix Group from GBX 739 ($9.51) to GBX 650 ($8.36) and set a buy rating for the company in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Hold and an average price target of GBX 610.60 ($7.85).

Phoenix Group Stock Down 1.0 %

PHNX opened at GBX 537.50 ($6.91) on Thursday. Phoenix Group has a twelve month low of GBX 436.40 ($5.61) and a twelve month high of GBX 560.50 ($7.21). The company has a quick ratio of 0.12, a current ratio of 0.19 and a debt-to-equity ratio of 176.72. The company has a 50-day moving average price of GBX 517.63 and a 200 day moving average price of GBX 511.45. The company has a market cap of £5.38 billion, a PE ratio of -3,878.57, 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.