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

Phoenix Group (LON:PHNX)‘s stock had its “hold” rating reissued by research analysts at Deutsche Bank in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports.

Several other brokerages have also recently commented on PHNX. Royal Bank of Canada reissued an “equal weight” rating on shares of Lululemon Athletica in a research report on Friday, June 14th. Barclays boosted their price target on shares of Stanley Black & Decker from $135.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 779 ($10.18).

Shares of LON:PHNX opened at GBX 714.30 ($9.33) on Friday. The business’s 50-day simple moving average is GBX 692.67. The company has a quick ratio of 0.04, a current ratio of 0.17 and a debt-to-equity ratio of 48.43. Phoenix Group has a one year low of GBX 537.50 ($7.02) and a one year high of GBX 735.20 ($9.61). The company has a market cap of $5.15 billion and a PE ratio of 10.73.

In other news, insider Clive Bannister sold 24,878 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of GBX 668 ($8.73), for a total transaction of £166,185.04 ($217,150.19). Also, insider Jim McConville sold 34,514 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of GBX 696 ($9.09), for a total transaction of £240,217.44 ($313,886.63).

About Phoenix Group

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.

Featured Story: What causes a recession?

Analyst Recommendations for Phoenix Group (LON:PHNX)

Receive News & Ratings for Phoenix Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phoenix Group and related companies with's FREE daily email newsletter.