Phoenix Group (LON:PHNX) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Shares of Phoenix Group Holdings plc (LON:PHNX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 653.26 and traded as high as GBX 690.52. Phoenix Group shares last traded at GBX 680.50, with a volume of 1,508,957 shares trading hands.

Analyst Upgrades and Downgrades

PHNX has been the topic of several recent research reports. Royal Bank Of Canada decreased their price target on Phoenix Group from GBX 725 to GBX 690 and set an “outperform” rating on the stock in a report on Thursday, July 24th. UBS Group reaffirmed a “neutral” rating and set a GBX 630 target price on shares of Phoenix Group in a research report on Friday, September 5th. Finally, Berenberg Bank upped their target price on Phoenix Group from GBX 850 to GBX 852 and gave the stock a “buy” rating in a report on Monday, October 13th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 684.25.

Phoenix Group Trading Down 2.8%

The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12. The stock’s fifty day simple moving average is GBX 661.04 and its 200-day simple moving average is GBX 653.26. The firm has a market cap of £6.61 billion, a PE ratio of -10.43, a PEG ratio of 1.95 and a beta of 0.73.

Phoenix Group (LON:PHNX) last issued its quarterly earnings results on Monday, September 8th. The company reported GBX (18.20) 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, sell-side analysts forecast that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current year.

Phoenix Group Company Profile

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.