Phoenix Group (LON:PHNX) Reaches New 52-Week High at $574.50

Phoenix Group Holdings plc (LON:PHNX)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 574.50 ($7.51) and last traded at GBX 569.50 ($7.45), with a volume of 1274548 shares traded. The stock had previously closed at GBX 569.50 ($7.45).

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their price objective on Phoenix Group from GBX 500 ($6.54) to GBX 505 ($6.60) and gave the stock an “underweight” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Phoenix Group presently has an average rating of “Hold” and a consensus target price of GBX 610.60 ($7.98).

Phoenix Group Stock Performance

The stock has a market cap of £5.76 billion, a P/E ratio of -4,078.57, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company has a 50 day simple moving average of GBX 548.18 and a 200-day simple moving average of GBX 521.95. The company has a debt-to-equity ratio of 176.72, a current ratio of 0.19 and a quick ratio of 0.12.

About Phoenix Group

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through five segments: Retirement Solutions, Pensions & Savings, With-Profits, SunLife & Protection, and Europe & Other. It provides a range of savings and retirement income products to support people across various stages of the savings life cycle.