Phoenix Group (LON:PHNX) Given Buy Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Phoenix Group (LON:PHNX) in a research note issued to investors on Monday,Digital Look reports. The brokerage currently has a GBX 650 ($8.20) price target on the stock.

Phoenix Group Stock Up 0.8 %

Shares of PHNX stock traded up GBX 4 ($0.05) during trading hours on Monday, reaching GBX 508.50 ($6.42). The company had a trading volume of 1,719,664 shares, compared to its average volume of 7,728,124. Phoenix Group has a 12 month low of GBX 475 ($5.99) and a 12 month high of GBX 581.22 ($7.33). The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12. The business has a fifty day simple moving average of GBX 507.71 and a 200-day simple moving average of GBX 523.29. The company has a market cap of £5.08 billion, a price-to-earnings ratio of -9.75, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

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.