Phoenix Group (LON:PHNX) Trading Down 7.5% - Time to Sell?

Key Points

• Phoenix Group shares declined by 7.5%, trading at GBX 619 ($8.39), with trading volume significantly increasing by 60% to 13 million shares.
• Analysts have set mixed ratings with a consensus of "Hold" and a target price of GBX 683.75, with Berenberg Bank maintaining a "buy" at GBX 850.
• The company reported a negative EPS of GBX (18.20) and has a market cap of £6.18 billion, indicating financial challenges ahead.

Shares of Phoenix Group Holdings plc (LON:PHNX - Get Free Report) dropped 7.5% during trading on Monday . The stock traded as low as GBX 619 ($8.39) and last traded at GBX 619 ($8.39). Approximately 13,006,080 shares were traded during mid-day trading, an increase of 60% from the average daily volume of 8,149,108 shares. The stock had previously closed at GBX 669 ($9.06).

Analysts Set New Price Targets

PHNX has been the topic of several research reports. UBS Group reiterated a "neutral" rating and issued a GBX 630 price target on shares of Phoenix Group in a research report on Friday. Royal Bank Of Canada lowered their target price on Phoenix Group from GBX 725 to GBX 690 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Finally, Berenberg Bank reiterated a "buy" rating and set a GBX 850 price objective on shares of Phoenix Group in a research report on Wednesday, September 3rd. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Phoenix Group presently has a consensus rating of "Hold" and a consensus price target of GBX 683.75.

Phoenix Group Price Performance

The firm has a market cap of £6.18 billion, a price-to-earnings ratio of -553.67, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company's fifty day moving average is GBX 665.88 and its two-hundred day moving average is GBX 615.04. The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30.

Phoenix Group (LON:PHNX - Get Free Report) last announced 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 return on equity of 21.76% and a negative net margin of 2.10%. Equities research analysts forecast that Phoenix Group Holdings plc will post 51.179941 EPS 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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