Phoenix Group (LON:PHNX) Stock Price Crosses Above Two Hundred Day Moving Average of $507.23

Phoenix Group Holdings plc (LON:PHNX)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 507.23 ($6.45) and traded as high as GBX 520 ($6.61). Phoenix Group shares last traded at GBX 516 ($6.56), with a volume of 13,200,207 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Phoenix Group from GBX 445 ($5.65) to GBX 525 ($6.67) and gave the stock an “underweight” rating in a research note on Wednesday, April 10th. Berenberg Bank dropped their target price on shares of Phoenix Group from GBX 739 ($9.39) to GBX 650 ($8.26) and set a “buy” rating for the company in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 614.60 ($7.81).

Phoenix Group Stock Up 4.2 %

The firm has a market cap of £5.16 billion, a P/E ratio of -3,685.71, a price-to-earnings-growth ratio of 1.95 and a beta of 0.77. The firm’s 50 day moving average is GBX 497.31 and its two-hundred day moving average is GBX 507.53. The company has a current ratio of 0.19, a quick ratio of 0.12 and a debt-to-equity ratio of 176.72.

Insider Transactions at Phoenix Group

In other Phoenix Group news, insider Andrew Briggs sold 40,039 shares of Phoenix Group stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of GBX 526 ($6.68), for a total transaction of £210,605.14 ($267,605.01). In related news, insider Rakesh Thakrar sold 16,296 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of GBX 553 ($7.03), for a total transaction of £90,116.88 ($114,506.84). Also, insider Andrew Briggs sold 40,039 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of GBX 526 ($6.68), for a total transaction of £210,605.14 ($267,605.01). Insiders own 15.00% of the company’s stock.

About Phoenix Group

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through five segments: Retirement Solutions, Pensions & Savings, With-Profits, SunLife & Protection, and Europe & Other. It provides a range of savings and retirement income products to support people across various stages of the savings life cycle.