Deutsche Bank Reiterates Hold Rating for Phoenix Group (LON:PHNX)

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Phoenix Group (LON:PHNX)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank in a research report issued on Monday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Phoenix Group in a research note on Friday, November 29th. JPMorgan Chase & Co. boosted their price objective on shares of Phoenix Group from GBX 846 ($11.05) to GBX 904 ($11.81) and gave the company an “overweight” rating in a research report on Friday. Shore Capital reissued an “under review” rating on shares of Phoenix Group in a research note on Friday. Peel Hunt restated a “reduce” rating on shares of Phoenix Group in a research report on Friday. Finally, Barclays lifted their target price on shares of Phoenix Group from GBX 657 ($8.58) to GBX 662 ($8.65) and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 762.67 ($9.97).

Shares of PHNX stock opened at GBX 740.80 ($9.68) on Monday. The company has a market capitalization of $5.34 billion and a price-to-earnings ratio of 12.73. The company has a current ratio of 0.19, a quick ratio of 0.09 and a debt-to-equity ratio of 38.77. The firm has a 50-day moving average price of GBX 718.89 and a 200 day moving average price of GBX 693.64. Phoenix Group has a twelve month low of GBX 537.50 ($7.02) and a twelve month high of GBX 750.20 ($9.80).

Phoenix Group Company Profile

Phoenix Group Holdings, a closed life assurance fund consolidator, acquires and manages closed life and pension funds primarily in the United Kingdom. It operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It also provides financing services. The company was formerly known as Pearl Group and changed its name to Phoenix Group Holdings in March 2010.

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Analyst Recommendations for Phoenix Group (LON:PHNX)

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