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

Phoenix Group Holdings plc (LON:PHNX) passed 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 traded.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PHNX. Berenberg Bank lowered their price objective on Phoenix Group from GBX 739 ($9.35) to GBX 650 ($8.22) and set a “buy” rating on the stock in a research report on Friday, April 19th. JPMorgan Chase & Co. boosted their price objective on 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 research 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 614.60 ($7.77).

Phoenix Group Stock Performance

The company has a debt-to-equity ratio of 176.72, a current ratio of 0.19 and a quick ratio of 0.12. The stock’s 50 day simple moving average is GBX 503.55 and its two-hundred day simple moving average is GBX 509.22. The stock has a market cap of £5.36 billion, a P/E ratio of -3,828.57, a price-to-earnings-growth ratio of 1.95 and a beta of 0.77.

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.