Phoenix Group (LON:PHNX) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Phoenix Group Holdings plc (LON:PHNX)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 567.44 ($7.71) and traded as high as GBX 643.50 ($8.74). Phoenix Group shares last traded at GBX 637 ($8.65), with a volume of 2,550,992 shares traded.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price target on Phoenix Group from GBX 500 ($6.79) to GBX 565 ($7.68) and gave the stock an “underweight” rating in a research report on Friday, March 28th.

Phoenix Group Stock Up 0.3%

The stock’s 50-day moving average price is GBX 636.78 and its two-hundred day moving average price is GBX 567.44. The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32. The stock has a market capitalization of £6.39 billion, a P/E ratio of -12.25, a P/E/G ratio of 1.95 and a beta of 0.73.

About Phoenix Group

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.