Phoenix Group (LON:PHNX) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Phoenix Group Holdings plc (LON:PHNX) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 690.62 and traded as high as GBX 754. Phoenix Group shares last traded at GBX 745.57, with a volume of 3,026,597 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PHNX. JPMorgan Chase & Co. lifted their price target on Phoenix Group from GBX 605 to GBX 620 and gave the stock an “underweight” rating in a report on Thursday, February 5th. UBS Group raised Phoenix Group to a “buy” rating and raised their target price for the stock from GBX 670 to GBX 770 in a research report on Wednesday, December 17th. The Goldman Sachs Group raised Phoenix Group to a “neutral” rating and upped their price target for the company from GBX 593 to GBX 752 in a report on Wednesday, January 21st. Finally, Berenberg Bank raised their price objective on shares of Phoenix Group from GBX 852 to GBX 918 and gave the stock a “buy” rating in a report on Thursday, February 5th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 750.

Phoenix Group Stock Up 0.1%

The business’s fifty day moving average price is GBX 730.69 and its 200 day moving average price is GBX 690.62. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. The firm has a market capitalization of £7.47 billion, a PE ratio of -11.76, a PEG ratio of 1.95 and a beta of 0.73.

Phoenix Group (LON:PHNX) last released its quarterly earnings results on Monday, December 15th. The company reported GBX 32.70 earnings per share (EPS) for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. On average, equities research analysts forecast that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current fiscal year.

Phoenix Group Company Profile

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.