Phoenix Group’s (PHNX) Sell Rating Reiterated at The Goldman Sachs Group

Phoenix Group (LON:PHNX)‘s stock had its “sell” rating reiterated by research analysts at The Goldman Sachs Group in a research note issued on Wednesday, Digital Look reports.

Separately, JPMorgan Chase & Co. increased their target price on Phoenix Group from GBX 505 ($6.67) to GBX 510 ($6.74) and gave the stock an “underweight” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 611.60 ($8.08).

Phoenix Group Trading Down 2.3 %

PHNX stock traded down GBX 13 ($0.17) on Wednesday, hitting GBX 541 ($7.15). 3,460,474 shares of the company were exchanged, compared to its average volume of 3,358,524. The company has a debt-to-equity ratio of 176.72, a current ratio of 0.19 and a quick ratio of 0.12. The stock has a market capitalization of £5.41 billion, a price-to-earnings ratio of -3,864.29, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. Phoenix Group has a twelve month low of GBX 436.40 ($5.76) and a twelve month high of GBX 581.22 ($7.68). The business’s fifty day moving average is GBX 549.03 and its two-hundred day moving average is GBX 523.04.

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.