Phoenix Group (LON:PHNX) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Phoenix Group Holdings plc (LON:PHNX)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 736.16 and traded as high as GBX 774.50. Phoenix Group shares last traded at GBX 767, with a volume of 2,361,801 shares trading hands.

Analyst Ratings Changes

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

Phoenix Group Price Performance

The firm’s 50-day simple moving average is GBX 767 and its two-hundred day simple moving average is GBX 736.16. The company has a market capitalization of £7.68 billion, a price-to-earnings ratio of -12.10, a price-to-earnings-growth ratio of 1.95 and a beta of 0.85.

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.