Phoenix Group (LON:PHNX) Share Price Crosses Above 200-Day Moving Average of $595.60

Phoenix Group Holdings plc (LON:PHNXGet Rating) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 595.60 ($7.26) and traded as high as GBX 635.20 ($7.74). Phoenix Group shares last traded at GBX 625.60 ($7.62), with a volume of 1,507,192 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reduced their price target on Phoenix Group from GBX 770 ($9.38) to GBX 670 ($8.16) and set a “neutral” rating on the stock in a research report on Thursday, December 8th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 680 ($8.28) price target on shares of Phoenix Group in a research report on Wednesday, December 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 727.50 ($8.86).

Phoenix Group Trading Down 0.6 %

The company has a current ratio of 0.27, a quick ratio of 0.12 and a debt-to-equity ratio of 73.43. The firm has a 50-day moving average of GBX 598.55 and a 200 day moving average of GBX 595.60. The company has a market cap of £6.26 billion and a P/E ratio of -7.24.

Phoenix Group Company Profile

(Get Rating)

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through four segments: UK Heritage, UK Open, Europe, and Management Services. It provides a range of pensions and savings products to support people across various stages of the savings life cycle.

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