Royal Bank Of Canada Issues Pessimistic Forecast for Phoenix Group (LON:PHNX) Stock Price

Phoenix Group (LON:PHNX - Free Report) had its price target trimmed by Royal Bank Of Canada from GBX 725 ($9.74) to GBX 690 ($9.27) in a report published on Thursday, MarketBeat.com reports. The brokerage currently has an outperform rating on the stock.

Separately, JPMorgan Chase & Co. increased their price objective on Phoenix Group from GBX 500 ($6.72) to GBX 565 ($7.59) and gave the company an "underweight" rating in a research note on Friday, March 28th.

Phoenix Group Trading Down 0.8%

Shares of PHNX stock traded down GBX 5 ($0.07) on Thursday, reaching GBX 649.50 ($8.73). 1,407,263 shares of the company's stock were exchanged, compared to its average volume of 7,726,200. The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32. The company's fifty day simple moving average is GBX 646.59 and its 200 day simple moving average is GBX 578.28. The stock has a market capitalization of £6.49 billion, a PE ratio of -12.45, a P/E/G ratio of 1.95 and a beta of 0.73. Phoenix Group has a 52 week low of GBX 475.20 ($6.39) and a 52 week high of GBX 668 ($8.98).

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.