Phoenix Group (LON:PHNX) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Phoenix Group shares have crossed above their 200-day moving average, reaching a high of GBX 670.50 ($8.95) during trading, with the last trade at GBX 665.50 ($8.89).
• Analysts have mixed ratings for Phoenix Group, with a consensus target price of GBX 683.75, including two "Buy" ratings and one "Sell" rating.
• The company reported a negative return on equity of 21.76% and a net margin of -2.10% in their latest earnings release.

Phoenix Group Holdings plc (LON:PHNX - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 633.66 ($8.46) and traded as high as GBX 670.50 ($8.95). Phoenix Group shares last traded at GBX 665.50 ($8.89), with a volume of 73,335,211 shares traded.

Wall Street Analyst Weigh In

PHNX has been the subject of several recent analyst reports. Royal Bank Of Canada reduced their price objective on shares of Phoenix Group from GBX 725 to GBX 690 and set an "outperform" rating for the company in a research note on Thursday, July 24th. Berenberg Bank restated a "buy" rating and issued a GBX 850 price objective on shares of Phoenix Group in a report on Wednesday, September 3rd. Finally, UBS Group restated a "neutral" rating and issued a GBX 630 price objective on shares of Phoenix Group in a report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Phoenix Group presently has an average rating of "Hold" and a consensus target price of GBX 683.75.

Phoenix Group Stock Up 0.2%

The stock has a market capitalization of £6.65 billion, a PE ratio of -1,049.68, a P/E/G ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30. The stock's 50-day moving average price is GBX 665.31 and its two-hundred day moving average price is GBX 633.66.

Phoenix Group (LON:PHNX - Get Free Report) last released its earnings results on Monday, September 8th. The company reported GBX (18.20) EPS for the quarter. Phoenix Group had a negative return on equity of 21.76% and a negative net margin of 2.10%. As a group, analysts expect that Phoenix Group Holdings plc will post 51.179941 EPS 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.

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