Phoenix Group (LON:PHNX) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Phoenix Group Holdings plc (LON:PHNX) passed 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 traded.

Analyst Ratings Changes

Several analysts recently commented on the company. Royal Bank Of Canada cut their price objective on Phoenix Group from GBX 725 to GBX 690 and set an “outperform” rating for the company in a report on Thursday, July 24th. Berenberg Bank raised their price objective on shares of Phoenix Group from GBX 850 to GBX 852 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 630 target price on shares of Phoenix Group in a report on Friday, September 5th. Two 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 684.25.

Phoenix Group Price Performance

The firm’s fifty day moving average is GBX 661.04 and its two-hundred day moving average is GBX 653.26. The company has a market cap of £6.61 billion, a P/E ratio of -10.43, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30.

Phoenix Group (LON:PHNX) last posted 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%. As a group, analysts anticipate that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current fiscal 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.