Phoenix Group (LON:PHNX) Given Overweight Rating at JPMorgan Chase & Co.

Phoenix Group (LON:PHNX – Get Rating)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, MarketBeat.com reports. They currently have a GBX 800 ($9.69) price objective on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 38.07% from the stock’s previous close.

Other equities analysts have also issued research reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating on shares of Phoenix Group in a research report on Thursday, April 14th. Barclays lowered their price target on shares of Phoenix Group from GBX 804 ($9.74) to GBX 780 ($9.45) and set an “overweight” rating on the stock in a report on Monday, April 4th. Berenberg Bank reissued a “buy” rating and issued a GBX 815 ($9.87) price target on shares of Phoenix Group in a report on Tuesday, March 15th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Phoenix Group from GBX 795 ($9.63) to GBX 750 ($9.08) and set a “hold” rating on the stock in a report on Wednesday, March 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 770 ($9.32) price objective on shares of Phoenix Group in a report on Friday, May 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Phoenix Group presently has a consensus rating of “Moderate Buy” and an average target price of GBX 770.83 ($9.33).

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Shares of PHNX stock opened at GBX 579.40 ($7.02) on Tuesday. Phoenix Group has a 1 year low of GBX 559.20 ($6.77) and a 1 year high of GBX 704.80 ($8.53). The firm’s fifty day simple moving average is GBX 618.04 and its 200 day simple moving average is GBX 634.71. The firm has a market capitalization of £5.79 billion and a P/E ratio of -6.71. The company has a current ratio of 0.23, a quick ratio of 0.08 and a debt-to-equity ratio of 63.88.

Phoenix Group Company Profiles (Get Rating)

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.

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Analyst Recommendations for Phoenix Group (LON:PHNX)

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