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

Phoenix Group Holdings plc (LON:PHNX)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 690.62 and traded as high as GBX 754. Phoenix Group shares last traded at GBX 745.57, with a volume of 3,026,597 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Berenberg Bank lifted their target price on shares of Phoenix Group from GBX 852 to GBX 918 and gave the company a “buy” rating in a report on Thursday, February 5th. The Goldman Sachs Group upgraded Phoenix Group to a “neutral” rating and raised their price target for the stock from GBX 593 to GBX 752 in a research report on Wednesday, January 21st. JPMorgan Chase & Co. boosted their price objective on Phoenix Group from GBX 605 to GBX 620 and gave the company an “underweight” rating in a report on Thursday, February 5th. Finally, UBS Group upgraded Phoenix Group to a “buy” rating and raised their target price for the company from GBX 670 to GBX 770 in a report on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 750.

Phoenix Group Stock Performance

The stock has a market capitalization of £7.47 billion, a PE ratio of -11.76, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. The stock has a fifty day moving average of GBX 730.69 and a 200-day moving average of GBX 690.62.

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

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.