Phoenix Group (LON:PHNX) Shares 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) fell 7.5% on Monday . The company traded as low as GBX 619 ($8.40) and last traded at GBX 619 ($8.40). 13,006,080 shares changed hands during trading, an increase of 60% from the average session volume of 8,149,108 shares. The stock had previously closed at GBX 669 ($9.07).

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PHNX. Berenberg Bank reiterated a "buy" rating and set a GBX 850 target price on shares of Phoenix Group in a report on Wednesday, September 3rd. UBS Group reiterated a "neutral" rating and set a GBX 630 target price on shares of Phoenix Group in a report on Friday, September 5th. Finally, Royal Bank Of Canada reduced 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. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of GBX 683.75.

Phoenix Group Stock Up 1.0%

The stock has a 50 day simple moving average of GBX 663.96 and a 200-day simple moving average of GBX 618.65. The firm has a market cap of £6.46 billion, a PE ratio of -578.26, a PEG ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12.

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

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.