Phoenix Group (LON:PHNX) Sets New 1-Year High – Here’s Why

Phoenix Group Holdings plc (LON:PHNX) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 582.50 ($7.57) and last traded at GBX 578.50 ($7.51), with a volume of 16006652 shares changing hands. The stock had previously closed at GBX 580 ($7.53).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 650 ($8.44) target price on shares of Phoenix Group in a research report on Monday, February 17th.

Phoenix Group Trading Down 0.3 %

The company’s 50 day simple moving average is GBX 510.83 and its 200 day simple moving average is GBX 519.08. The firm has a market cap of £5.78 billion, a price-to-earnings ratio of -11.09, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12.

Phoenix Group (LON:PHNX) last posted its quarterly earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.59) EPS for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. As a group, research analysts expect that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current fiscal year.

Phoenix Group Company Profile

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.