Phoenix Group (LON:PHNX) Given New GBX 565 Price Target at JPMorgan Chase & Co.

Phoenix Group (LON:PHNX - Get Free Report) had its price target increased by investment analysts at JPMorgan Chase & Co. from GBX 500 ($6.46) to GBX 565 ($7.30) in a report released on Friday, Marketbeat.com reports. The firm presently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s target price indicates a potential downside of 1.95% from the stock's current price.

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 650 ($8.40) target price on shares of Phoenix Group in a report on Monday, February 17th.

Phoenix Group Stock Performance

LON PHNX traded up GBX 4.74 ($0.06) during trading on Friday, reaching GBX 576.24 ($7.44). The company's stock had a trading volume of 4,579,139 shares, compared to its average volume of 9,172,616. Phoenix Group has a 12 month low of GBX 475 ($6.14) and a 12 month high of GBX 590 ($7.62). The firm has a 50 day moving average price of GBX 527.43 and a 200 day moving average price of GBX 519.82. The firm has a market capitalization of £5.76 billion, a price-to-earnings ratio of -11.04, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32.

Phoenix Group (LON:PHNX - Get Free Report) last posted its quarterly earnings data on Tuesday, March 18th. The company reported GBX 45.40 ($0.59) EPS for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. As a group, equities analysts anticipate that Phoenix Group will post 51.179941 EPS for the current fiscal year.

Insider Transactions at Phoenix Group

In other Phoenix Group news, insider Andrew Briggs sold 151,586 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of GBX 582 ($7.52), for a total value of £882,230.52 ($1,139,832.71). Company insiders own 14.96% of the company's stock.

About Phoenix Group

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.