Phoenix Group (LON:PHNX) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Phoenix Group Holdings plc (LON:PHNX)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 567.44 ($7.71) and traded as high as GBX 643.50 ($8.74). Phoenix Group shares last traded at GBX 637 ($8.65), with a volume of 2,550,992 shares changing hands.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price target on shares of Phoenix Group from GBX 500 ($6.79) to GBX 565 ($7.68) and gave the company an “underweight” rating in a report on Friday, March 28th.

Phoenix Group Stock Performance

The firm’s 50 day simple moving average is GBX 636.78 and its 200 day simple moving average is GBX 567.44. The firm has a market cap of £6.39 billion, a PE ratio of -12.25, a PEG 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.

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.