Phoenix Group (LON:PHNX) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Phoenix Group Holdings plc (LON:PHNX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 739.94 and traded as high as GBX 774.50. Phoenix Group shares last traded at GBX 767, with a volume of 2,361,801 shares.

Analyst Ratings Changes

A number of research firms recently weighed in on PHNX. JPMorgan Chase & Co. lifted their target price on Phoenix Group from GBX 605 to GBX 620 and gave the stock an “underweight” rating in a research report on Thursday, February 5th. Berenberg Bank lifted their price objective on Phoenix Group from GBX 852 to GBX 918 and gave the company a “buy” rating in a report on Thursday, February 5th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 750.

Phoenix Group Price Performance

The company has a market capitalization of £7.68 billion, a price-to-earnings ratio of -12.10, a P/E/G ratio of 1.95 and a beta of 0.85. The business has a fifty day simple moving average of GBX 767 and a two-hundred day simple moving average of GBX 739.94.

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.