Phoenix Group (LON:PHNX) Given "Neutral" Rating at UBS Group

Key Points

• UBS Group has reiterated its "neutral" rating for Phoenix Group (LON:PHNX), setting a price target of GBX 630, indicating potential downside of 5.16% from the last close.
• Phoenix Group's stock has varied with an average price target of GBX 683.75, while analysts have differing views with two recommending a buy and two issuing sell ratings.
• The company, a major player in the UK's long-term savings and retirement market, has a market cap of £6.64 billion and is managing approximately £300 billion in assets.

UBS Group restated their neutral rating on shares of Phoenix Group (LON:PHNX - Free Report) in a research note released on Friday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 630 price objective on the stock.

Other equities analysts also recently issued reports about the company. Berenberg Bank reaffirmed a "buy" rating and set a GBX 850 price target on shares of Phoenix Group in a research report on Wednesday. Royal Bank Of Canada cut 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. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Phoenix Group currently has a consensus rating of "Hold" and an average price target of GBX 683.75.

Phoenix Group Stock Up 1.3%

Shares of PHNX stock traded up GBX 8.50 during trading hours on Friday, reaching GBX 669. 236,410,406 shares of the company's stock were exchanged, compared to its average volume of 8,120,870. The stock's 50 day moving average is GBX 665.88 and its 200-day moving average is GBX 615.04. The company has a market cap of £6.68 billion, a price-to-earnings ratio of -598.39, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32. Phoenix Group has a fifty-two week low of GBX 475.20 and a fifty-two week high of GBX 699.50.

About Phoenix Group

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.