Berenberg Bank Issues Positive Forecast for Phoenix Group (LON:PHNX) Stock Price

Key Points

• Berenberg Bank has raised its target price for Phoenix Group shares from GBX 850 to GBX 852, maintaining a "buy" rating with a potential upside of 27.64%.
• Despite Berenberg's optimism, other analysts like UBS and Royal Bank of Canada have issued mixed ratings, indicating a consensus "Hold" rating with an average target price of GBX 684.25.
• Phoenix Group recently reported a loss of GBX (18.20) earnings per share for the quarter, highlighting challenges with a negative net margin and return on equity.

Phoenix Group (LON:PHNX - Get Free Report) had its target price lifted by Berenberg Bank from GBX 850 to GBX 852 in a research note issued to investors on Monday,Digital Look reports. The firm presently has a "buy" rating on the stock. Berenberg Bank's price target points to a potential upside of 27.64% from the company's current price.

PHNX has been the subject of a number of other research reports. UBS Group reiterated a "neutral" rating and issued a GBX 630 price objective on shares of Phoenix Group in a research report on Friday, September 5th. Royal Bank Of Canada decreased their price objective on shares of Phoenix Group from GBX 725 to GBX 690 and set an "outperform" rating for the company in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of GBX 684.25.

Phoenix Group Trading Up 0.3%

LON PHNX opened at GBX 667.50 on Monday. The company has a market capitalization of £6.67 billion, a PE ratio of -1,052.84, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a fifty day moving average of GBX 665.31 and a 200 day moving average of GBX 634.48. Phoenix Group has a 1 year low of GBX 475.20 and a 1 year high of GBX 699.50. 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 - Get Free Report) last posted its earnings results on Monday, September 8th. The company reported GBX (18.20) earnings per share (EPS) for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. Research analysts forecast that Phoenix Group will post 51.179941 earnings per share for the current 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.

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