Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It provides a range of pensions and savings products to support people across various stages of the savings life cycle. The company manages Heritage in-force life and pensions policies; and offers and manages long term savings and pensions products. Its products include with-profits and unit-linked funds, and annuities; and workplace pensions, and individual savings and retirement solutions. The company serves individuals, corporates, and employers. It has a strategic partnership with abrdn plc, TCS, and HSBC. Phoenix Group Holdings plc was founded in 1782 and is based in London, the United Kingdom.
Phoenix Group Stock Up 1.2 %
Shares of LON:PHNX opened at GBX 680.80 ($8.23) on Friday. The firm's 50 day moving average price is GBX 619.52 and its 200 day moving average price is GBX 626.03. The stock has a market cap of £6.81 billion and a price-to-earnings ratio of -7.88. Phoenix Group has a fifty-two week low of GBX 559.20 ($6.76) and a fifty-two week high of GBX 704.40 ($8.51). The company has a quick ratio of 0.08, a current ratio of 0.23 and a debt-to-equity ratio of 63.88.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on PHNX shares. Barclays reiterated an "overweight" rating and issued a GBX 780 ($9.42) target price on shares of Phoenix Group in a research report on Monday, July 18th. JPMorgan Chase & Co. cut shares of Phoenix Group to a "neutral" rating and reduced their target price for the company from GBX 800 ($9.67) to GBX 775 ($9.36) in a research report on Monday, August 8th. Finally, Royal Bank of Canada restated an "outperform" rating and set a GBX 770 ($9.30) price objective on shares of Phoenix Group in a research report on Friday, May 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 766.67 ($9.26).