Berenberg Bank Reaffirms “Buy” Rating for Phoenix Group (LON:PHNX)

Berenberg Bank reissued their buy rating on shares of Phoenix Group (LON:PHNX) in a research report report published on Monday,Digital Look reports. The firm currently has a GBX 650 ($8.20) price target on the stock.

Phoenix Group Trading Up 0.8 %

LON PHNX traded up GBX 4 ($0.05) on Monday, hitting GBX 508.50 ($6.42). The company’s stock had a trading volume of 1,719,664 shares, compared to its average volume of 7,728,124. Phoenix Group has a 52-week low of GBX 475 ($5.99) and a 52-week high of GBX 581.22 ($7.33). The firm has a market cap of £5.08 billion, a P/E ratio of -9.75, a PEG ratio of 1.95 and a beta of 0.73. The company’s 50-day simple moving average is GBX 507.71 and its 200 day simple moving average is GBX 523.29. The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32.

About Phoenix Group

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.