Phoenix Group (LON:PHNX) PT Raised to GBX 510 at JPMorgan Chase & Co.

Phoenix Group (LON:PHNX) had its price objective hoisted by investment analysts at JPMorgan Chase & Co. from GBX 505 ($6.67) to GBX 510 ($6.74) in a report issued on Wednesday, Digital Look reports. The firm currently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 5.73% from the stock’s current price.

Phoenix Group Stock Down 2.3 %

LON:PHNX traded down GBX 13 ($0.17) on Wednesday, hitting GBX 541 ($7.15). The stock had a trading volume of 3,460,474 shares, compared to its average volume of 3,358,524. The company has a quick ratio of 0.12, a current ratio of 0.19 and a debt-to-equity ratio of 176.72. Phoenix Group has a 52 week low of GBX 436.40 ($5.76) and a 52 week high of GBX 581.22 ($7.68). The business’s fifty day moving average is GBX 549.03 and its 200 day moving average is GBX 523.04. The company has a market cap of £5.41 billion, a PE ratio of -3,864.29, a P/E/G ratio of 1.95 and a beta of 0.73.

Phoenix Group Company Profile

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.