Phoenix Group (LON:PHNX) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Phoenix Group Holdings plc (LON:PHNX)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 682.84 and traded as high as GBX 745.50. Phoenix Group shares last traded at GBX 739.19, with a volume of 1,995,858 shares traded.

Analyst Ratings Changes

PHNX has been the subject of several recent research reports. UBS Group raised Phoenix Group to a “buy” rating and increased their price objective for the company from GBX 670 to GBX 770 in a research note on Wednesday, December 17th. Berenberg Bank increased their target price on shares of Phoenix Group from GBX 850 to GBX 852 and gave the company a “buy” rating in a research report on Monday, October 13th. Finally, The Goldman Sachs Group raised shares of Phoenix Group to a “neutral” rating and raised their price target for the stock from GBX 593 to GBX 752 in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of GBX 725.80.

Phoenix Group Price Performance

The stock has a market cap of £7.40 billion, a PE ratio of -11.66, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The stock’s fifty day moving average is GBX 715.78 and its 200-day moving average is GBX 682.84. The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12.

Phoenix Group (LON:PHNX) last issued its earnings results on Monday, December 15th. The company reported GBX 32.70 EPS for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. As a group, equities analysts anticipate that Phoenix Group Holdings plc will post 51.179941 EPS for the current year.

About Phoenix Group

Phoenix Group is one of the UK’s largest long-term savings and retirement businesses with over £290 billion of assets under administration and c. 12 million customers. We were founded in 1782 and are based in London, UK, and our family of brands include Standard Life, SunLife and ReAssure. We are a constituent of the FTSE 100 with c. 6,600 colleagues and offer a broad range of savings and retirement income products to support people across all stages of their savings journey. We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.