Phoenix Group (LON:PHNX) Shares Pass Above 200 Day Moving Average – Should You Sell?

Phoenix Group Holdings plc (LON:PHNX) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 638.66 ($8.56) and traded as high as GBX 654.50 ($8.77). Phoenix Group shares last traded at GBX 650 ($8.71), with a volume of 1,492,158 shares changing hands.

Wall Street Analyst Weigh In

PHNX has been the subject of a number of research reports. Royal Bank Of Canada dropped their price target on Phoenix Group from GBX 725 to GBX 690 and set an “outperform” rating for the company in a research note on Thursday, July 24th. UBS Group reiterated a “neutral” rating and issued a GBX 630 price target on shares of Phoenix Group in a research note on Friday, September 5th. Finally, Berenberg Bank increased their price target on Phoenix Group from GBX 850 to GBX 852 and gave the company a “buy” rating in a research note on Monday, October 13th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 684.25.

Phoenix Group Stock Performance

The firm has a market capitalization of £6.53 billion, a P/E ratio of -10.32, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32. The company has a 50-day moving average of GBX 663.16 and a 200-day moving average of GBX 638.66.

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

Phoenix Group Company Profile

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.