Berenberg Bank Reaffirms “Buy” Rating for Phoenix Group (LON:PHNX)

Phoenix Group (LON:PHNXGet Free Report)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research report issued to clients and investors on Monday,Digital Look reports. They currently have a GBX 650 ($8.20) target price on the stock. Berenberg Bank’s price target suggests a potential upside of 27.83% from the stock’s previous close.

Phoenix Group Stock Performance

Shares of PHNX stock traded up GBX 4 ($0.05) on Monday, hitting GBX 508.50 ($6.42). The company had a trading volume of 1,719,664 shares, compared to its average volume of 7,728,124. The firm has a market cap of £5.08 billion, a P/E ratio of -9.75, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company has a 50-day moving average price of GBX 507.71 and a 200-day moving average price of GBX 523.29. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. Phoenix Group has a twelve month low of GBX 475 ($5.99) and a twelve month high of GBX 581.22 ($7.33).

Phoenix Group Company Profile

(Get Free Report)

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.

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