Phoenix Group (LON:PHNX) Shares Cross Above 200-Day Moving Average - Here's What Happened

Phoenix Group Holdings plc (LON:PHNX - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 561.75 ($7.67) and traded as high as GBX 665 ($9.08). Phoenix Group shares last traded at GBX 651.03 ($8.89), with a volume of 3,824,990 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. boosted their target price on Phoenix Group from GBX 500 ($6.83) to GBX 565 ($7.72) and gave the stock an "underweight" rating in a report on Friday, March 28th.

Phoenix Group Trading Up 1.3%

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 has a market capitalization of £6.46 billion, a P/E ratio of -12.37, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73. The company has a fifty day simple moving average of GBX 630.71 and a two-hundred day simple moving average of GBX 561.75.

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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