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 PHNX Stock traded up GBX 8.20 ($0.10) during mid-day trading on Friday, hitting GBX 680.80 ($8.23). 1,286,317 shares of the stock traded hands, compared to its average volume of 2,754,760. The stock has a market cap of £6.81 billion and a P/E ratio of -7.78. The stock's fifty day moving average is GBX 618.58 and its two-hundred day moving average is GBX 626.33. Phoenix Group has a 52-week low of GBX 559.20 ($6.76) and a 52-week high of GBX 704.40 ($8.51). The company has a debt-to-equity ratio of 63.88, a current ratio of 0.23 and a quick ratio of 0.08.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. Barclays reaffirmed an "overweight" rating and set a GBX 780 ($9.42) price target on shares of Phoenix Group in a report on Monday, July 18th. Royal Bank of Canada reissued an "outperform" rating and issued a GBX 770 ($9.30) target price on shares of Phoenix Group in a report on Friday, May 27th. JPMorgan Chase & Co. cut shares of Phoenix Group to a "neutral" rating and reduced their price target for the stock from GBX 800 ($9.67) to GBX 775 ($9.36) in a research report on Monday. Finally, Morgan Stanley restated an "equal weight" rating on shares of Phoenix Group in a research report on Thursday, April 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Phoenix Group currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 766.67 ($9.26).