Phoenix Group’s (PHNX) “Sell” Rating Reaffirmed at The Goldman Sachs Group

Phoenix Group (LON:PHNX)‘s stock had its “sell” rating reaffirmed by equities researchers at The Goldman Sachs Group in a research report issued to clients and investors on Wednesday, Marketbeat.com reports.

Separately, JPMorgan Chase & Co. boosted their price target on Phoenix Group from GBX 505 ($6.67) to GBX 510 ($6.74) and gave the stock an “underweight” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Phoenix Group currently has a consensus rating of “Hold” and an average target price of GBX 604.50 ($7.99).

Phoenix Group Stock Performance

Shares of LON PHNX opened at GBX 548 ($7.24) on Wednesday. Phoenix Group has a 12-month low of GBX 436.40 ($5.76) and a 12-month high of GBX 581.22 ($7.68). The company has a market cap 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. The stock has a 50 day simple moving average of GBX 549.15 and a 200-day simple moving average of GBX 523.34. The company has a current ratio of 0.19, a quick ratio of 0.12 and a debt-to-equity ratio of 176.72.

About Phoenix Group

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.