JPMorgan Chase & Co. Increases Phoenix Group (LON:PHNX) Price Target to GBX 510

Phoenix Group (LON:PHNX) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from GBX 505 ($6.67) to GBX 510 ($6.74) in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 6.93% from the stock’s previous close.

Phoenix Group Price Performance

Phoenix Group stock opened at GBX 548 ($7.24) on Wednesday. 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 firm’s 50-day simple moving average is GBX 549.15 and its 200 day simple moving average is GBX 523.34. Phoenix Group has a 52 week low of GBX 436.40 ($5.76) and a 52 week high of GBX 581.22 ($7.68). The firm has a market capitalization of £5.48 billion, a PE ratio of -3,914.29, a P/E/G ratio of 1.95 and a beta of 0.73.

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.