Phoenix Group (LON:PHNX) Hits New 12-Month High - Here's Why

Phoenix Group Holdings plc (LON:PHNX - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 660 ($8.86) and last traded at GBX 660 ($8.86), with a volume of 3383375 shares traded. The stock had previously closed at GBX 653 ($8.76).

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their target price on shares of Phoenix Group from GBX 500 ($6.71) to GBX 565 ($7.58) and gave the company an "underweight" rating in a research report on Friday, March 28th.

Phoenix Group Trading Down 0.5%

The business has a 50 day moving average of GBX 613.56 and a 200 day moving average of GBX 552.37. The firm has a market cap of £6.58 billion, a price-to-earnings ratio of -12.61, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32.

Phoenix Group (LON:PHNX - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported GBX 45.40 ($0.61) earnings per share for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. On average, research analysts forecast 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.