Phoenix Group (LON:PHNX) Shares Cross Above 200-Day Moving Average of $509.06

Phoenix Group Holdings plc (LON:PHNX) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 509.06 ($6.44) and traded as high as GBX 536.50 ($6.79). Phoenix Group shares last traded at GBX 532.50 ($6.74), with a volume of 3,228,181 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Berenberg Bank lowered their price target on shares of Phoenix Group from GBX 739 ($9.35) to GBX 650 ($8.22) and set a “buy” rating on the stock in a report on Friday, April 19th. JPMorgan Chase & Co. lifted their target price on shares of Phoenix Group from GBX 445 ($5.63) to GBX 525 ($6.64) and gave the company an “underweight” rating in a research report on Wednesday, April 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 614.60 ($7.77).

Phoenix Group Stock Up 2.1 %

The stock has a market capitalization of £5.33 billion, a P/E ratio of -3,803.57, a PEG ratio of 1.95 and a beta of 0.77. The business has a 50-day simple moving average of GBX 501.85 and a two-hundred day simple moving average of GBX 509.06. The company has a quick ratio of 0.12, a current ratio of 0.19 and a debt-to-equity ratio of 176.72.

Phoenix Group Company Profile

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.