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

Shares of Phoenix Group Holdings plc (LON:PHNX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 526.87 ($7.05) and traded as high as GBX 530.68 ($7.10). Phoenix Group shares last traded at GBX 523.50 ($7.00), with a volume of 4,795,510 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PHNX shares. The Goldman Sachs Group restated a “sell” rating on shares of Phoenix Group in a report on Wednesday, September 18th. JPMorgan Chase & Co. upped their price objective on Phoenix Group from GBX 505 ($6.75) to GBX 510 ($6.82) and gave the stock an “underweight” rating in a report on Wednesday, September 18th.

Phoenix Group Trading Down 1.0 %

The stock has a market capitalization of £5.24 billion, a price-to-earnings ratio of -987.74, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 132.01, a quick ratio of 0.12 and a current ratio of 0.19. The firm has a fifty day moving average of GBX 552.62 and a 200-day moving average of GBX 526.87.

Phoenix Group Dividend Announcement

The business also recently declared a dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 3rd will be issued a GBX 26.65 ($0.36) dividend. The ex-dividend date is Thursday, October 3rd. This represents a yield of 4.62%. Phoenix Group’s dividend payout ratio is currently -10,000.00%.

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.