The Goldman Sachs Group Reaffirms “Sell” Rating for Phoenix Group (LON:PHNX)

Phoenix Group (LON:PHNX)‘s stock had its “sell” rating restated by investment analysts at The Goldman Sachs Group in a report issued on Wednesday, Digital Look reports.

Separately, JPMorgan Chase & Co. boosted their price target on shares of Phoenix Group from GBX 505 ($6.67) to GBX 510 ($6.74) and gave the company an “underweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Phoenix Group has an average rating of “Hold” and an average target price of GBX 611.60 ($8.08).

Phoenix Group Stock Performance

LON PHNX traded down GBX 13 ($0.17) during trading hours on Wednesday, reaching GBX 541 ($7.15). The company’s stock had a trading volume of 3,460,474 shares, compared to its average volume of 3,358,524. The company has a current ratio of 0.19, a quick ratio of 0.12 and a debt-to-equity ratio of 176.72. The business has a 50-day simple moving average of GBX 549.03 and a 200 day simple moving average of GBX 523.04. Phoenix Group has a 52 week low of GBX 436.40 ($5.76) and a 52 week high of GBX 581.22 ($7.68). The stock has a market cap of £5.41 billion, a PE ratio of -3,864.29, a PEG 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.