Phoenix Group (LON:PHNX) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Phoenix Group Holdings plc (LON:PHNX) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 682.84 and traded as high as GBX 745.50. Phoenix Group shares last traded at GBX 739.19, with a volume of 1,995,858 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on PHNX shares. Berenberg Bank lifted their price target on shares of Phoenix Group from GBX 850 to GBX 852 and gave the company a “buy” rating in a report on Monday, October 13th. UBS Group upgraded shares of Phoenix Group to a “buy” rating and raised their price objective for the company from GBX 670 to GBX 770 in a research report on Wednesday, December 17th. Finally, The Goldman Sachs Group upgraded shares of Phoenix Group to a “neutral” rating and lifted their target price for the company from GBX 593 to GBX 752 in a research note on Wednesday, January 21st. 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 stock. Based on data from MarketBeat.com, Phoenix Group has an average rating of “Hold” and an average price target of GBX 725.80.

Phoenix Group Trading Up 0.8%

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 has a market cap of £7.40 billion, a PE ratio of -11.66, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The stock has a 50-day moving average price of GBX 715.78 and a two-hundred day moving average price of GBX 682.84.

Phoenix Group (LON:PHNX) last announced its earnings results on Monday, December 15th. The company reported GBX 32.70 earnings per share (EPS) for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. Sell-side analysts forecast that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current fiscal year.

About Phoenix Group

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.