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

Key Points

• Phoenix Group's share price has surpassed its 200-day moving average, reaching GBX 687 ($9.23) during trading.
• Royal Bank of Canada lowered its price objective for Phoenix Group from GBX 725 ($9.74) to GBX 690 ($9.27) while maintaining an "outperform" rating.
• The company boasts a market capitalization of £6.88 billion and administers approximately £300 billion in assets, making it the UK's largest long-term savings and retirement business.

Phoenix Group Holdings plc (LON:PHNX - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 592.66 ($8.03) and traded as high as GBX 687.50 ($9.32). Phoenix Group shares last traded at GBX 687 ($9.31), with a volume of 1,372,009 shares trading hands.

Analyst Ratings Changes

Separately, Royal Bank Of Canada cut their price objective on shares of Phoenix Group from GBX 725 ($9.83) to GBX 690 ($9.35) and set an "outperform" rating for the company in a report on Thursday, July 24th.

Phoenix Group Trading Down 0.9%

The firm has a market cap of £6.90 billion, a PE ratio of -13.22, a PEG ratio of 1.95 and a beta of 0.73. The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. The stock's fifty day simple moving average is GBX 657.99 and its two-hundred day simple moving average is GBX 596.40.

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.