JPMorgan Chase & Co. Increases Phoenix Group (LON:PHNX) Price Target to GBX 510

Phoenix Group (LON:PHNX) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from GBX 505 ($6.67) to GBX 510 ($6.74) in a note issued to investors on Wednesday, MarketBeat reports. The brokerage presently has an “underweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential downside of 6.93% from the stock’s previous close.

Phoenix Group Stock Up 1.3 %

PHNX stock opened at GBX 548 ($7.24) on Wednesday. Phoenix Group has a one year low of GBX 436.40 ($5.76) and a one year high of GBX 581.22 ($7.68). The company has a debt-to-equity ratio of 176.72, a quick ratio of 0.12 and a current ratio of 0.19. The company has a fifty day moving average of GBX 549.15 and a 200-day moving average of GBX 523.34. The stock has a market capitalization of £5.48 billion, a PE ratio of -3,914.29, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

About Phoenix Group

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.