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

Phoenix Group (LON:PHNX)‘s stock had its “buy” rating reissued by stock analysts at Berenberg Bank in a research note issued on Monday, MarketBeat Ratings reports. They currently have a GBX 650 ($8.20) price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 27.83% from the stock’s current price.

Phoenix Group Price Performance

LON:PHNX opened at GBX 508.50 ($6.41) on Monday. The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12. The stock 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 has a fifty day moving average price of GBX 507.57 and a 200 day moving average price of GBX 523.02. Phoenix Group has a one year low of GBX 475 ($5.99) and a one year high of GBX 581.22 ($7.33).

Phoenix Group Company Profile

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.