Phoenix Group (LON:PHNX) Earns Reduce Rating from Analysts at Peel Hunt

Peel Hunt started coverage on shares of Phoenix Group (LON:PHNX) in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports. The firm issued a reduce rating and a GBX 605 ($7.91) price objective on the stock.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada reaffirmed an outperform rating and issued a GBX 820 ($10.71) price target on shares of Phoenix Group in a research report on Friday, August 9th. Deutsche Bank reaffirmed a hold rating on shares of Phoenix Group in a research report on Tuesday, September 3rd. Barclays lowered their price target on shares of Phoenix Group from GBX 664 ($8.68) to GBX 657 ($8.58) and set an equal weight rating for the company in a research report on Tuesday, September 3rd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Phoenix Group from GBX 857 ($11.20) to GBX 846 ($11.05) and set an overweight rating for the company in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 748.83 ($9.78).

Shares of PHNX stock opened at GBX 714.20 ($9.33) on Friday. The company has a debt-to-equity ratio of 38.77, a current ratio of 0.19 and a quick ratio of 0.09. The company has a market capitalization of $5.15 billion and a P/E ratio of 12.27. The company’s 50-day simple moving average is GBX 675.90 and its two-hundred day simple moving average is GBX 688.43. Phoenix Group has a one year low of GBX 537.50 ($7.02) and a one year high of GBX 735.20 ($9.61).

Phoenix Group (LON:PHNX) last issued its earnings results on Wednesday, August 7th. The company reported GBX 3.70 ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of GBX 11.70 ($0.15) by GBX (8) (($0.10)). On average, research analysts expect that Phoenix Group will post 2654.9998018 EPS for the current fiscal year.

The firm also recently declared a dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, August 15th were given a GBX 23.40 ($0.31) dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a dividend yield of 3.47%. Phoenix Group’s payout ratio is presently 0.81%.

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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