Phoenix Group (LON:PHNX) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Phoenix Group Holdings plc (LON:PHNX) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 743.49 and traded as high as GBX 774.50. Phoenix Group shares last traded at GBX 767, with a volume of 2,361,801 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have commented on PHNX. JPMorgan Chase & Co. upped their target price on shares of Phoenix Group from GBX 605 to GBX 620 and gave the stock an “underweight” rating in a research note on Thursday, February 5th. Berenberg Bank upped their target price on shares of Phoenix Group from GBX 852 to GBX 918 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Phoenix Group has a consensus rating of “Hold” and an average target price of GBX 750.

Phoenix Group Stock Performance

The firm has a market capitalization of £7.68 billion, a P/E ratio of -12.10, a P/E/G ratio of 1.95 and a beta of 0.85. The stock’s 50 day simple moving average is GBX 767 and its 200 day simple moving average is GBX 743.49.

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.