Phoenix Group (LON:PHNX) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Phoenix Group Holdings plc (LON:PHNX) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 649.54 and traded as high as GBX 680. Phoenix Group shares last traded at GBX 679.50, with a volume of 2,673,937 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts recently commented on PHNX shares. Berenberg Bank upped their target price on Phoenix Group from GBX 850 to GBX 852 and gave the company a “buy” rating in a report on Monday, October 13th. Royal Bank Of Canada cut their price target on Phoenix Group from GBX 725 to GBX 690 and set an “outperform” rating on the stock in a report on Thursday, July 24th. Finally, UBS Group restated a “neutral” rating and set a GBX 630 price target on shares of Phoenix Group in a report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 684.25.

Phoenix Group Price Performance

The company has a market capitalization of £6.78 billion, a price-to-earnings ratio of -10.70, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The business has a 50-day moving average price of GBX 659.48 and a two-hundred day moving average price of GBX 649.54. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32.

Phoenix Group (LON:PHNX) last released its quarterly earnings results on Monday, September 8th. The company reported GBX (18.20) EPS for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. As a group, research analysts anticipate that Phoenix Group Holdings plc will post 51.179941 EPS for the current year.

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.