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

Phoenix Group logo with Financial Services background

Phoenix Group Holdings plc (LON:PHNX - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 550.90 ($7.42) and traded as high as GBX 659 ($8.87). Phoenix Group shares last traded at GBX 656 ($8.83), with a volume of 1,477,935 shares.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their target price on shares of Phoenix Group from GBX 500 ($6.73) to GBX 565 ($7.61) and gave the stock an "underweight" rating in a report on Friday, March 28th.

Get Our Latest Research Report on PHNX

Phoenix Group Price Performance

The firm's fifty day simple moving average is GBX 615.97 and its 200 day simple moving average is GBX 553.35. The firm has a market cap of £6.58 billion, a P/E ratio of -12.61, 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.

Phoenix Group (LON:PHNX - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported GBX 45.40 ($0.61) EPS for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. As a group, analysts forecast that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current year.

Phoenix Group Company Profile

(Get Free Report)

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.

Further Reading

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