Nicolaos Nicandrou Buys 22 Shares of Phoenix Group (LON:PHNX) Stock

Key Points

• Nicolaos Nicandrou, an insider at Phoenix Group, recently purchased 22 shares at £500 each, indicating confidence in the company's performance.
• Phoenix Group's stock is currently trading at GBX 661, with a market cap of £6.60 billion and a twelve-month price range between GBX 475.20 and GBX 699.50.
• Analysts have a mixed outlook on PHNX, with a consensus rating of "Hold" and a target price averaging GBX 683.75, reflecting varied expectations for the stock's future performance.

Phoenix Group Holdings plc (LON:PHNX - Get Free Report) insider Nicolaos Nicandrou purchased 22 shares of Phoenix Group stock in a transaction that occurred on Monday, October 6th. The shares were bought at an average price of GBX 500 per share, with a total value of £110.

Nicolaos Nicandrou also recently made the following trade(s):

• On Tuesday, August 5th, Nicolaos Nicandrou acquired 22 shares of Phoenix Group stock. The stock was bought at an average price of GBX 509 per share, for a total transaction of £111.98.

Phoenix Group Stock Performance

Shares of LON PHNX traded down GBX 3 during midday trading on Tuesday, reaching GBX 661. 229,064,094 shares of the stock were exchanged, compared to its average volume of 8,774,606. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. The firm has a market cap of £6.60 billion, a price-to-earnings ratio of -1,042.59, a PEG ratio of 1.95 and a beta of 0.73. The firm has a 50-day simple moving average of GBX 664.66 and a two-hundred day simple moving average of GBX 632.02. Phoenix Group Holdings plc has a twelve month low of GBX 475.20 and a twelve month high of GBX 699.50.

Phoenix Group (LON:PHNX - Get Free Report) last announced its quarterly earnings results on Monday, September 8th. The company reported GBX (18.20) earnings per share (EPS) for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. As a group, analysts anticipate that Phoenix Group Holdings plc will post 51.179941 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on PHNX. Royal Bank Of Canada dropped their target price on Phoenix Group from GBX 725 to GBX 690 and set an "outperform" rating on the stock in a research report on Thursday, July 24th. UBS Group reissued a "neutral" rating and issued a GBX 630 price objective on shares of Phoenix Group in a report on Friday, September 5th. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 850 price objective on shares of Phoenix Group in a research report on Wednesday, September 3rd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Phoenix Group has a consensus rating of "Hold" and a consensus price target of GBX 683.75.

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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