Phoenix Group (LON:PHNX) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Phoenix Group's share price recently crossed above its 200-day moving average, reaching a trading high of GBX 649.50 ($8.73).
• Analysts have mixed ratings for the stock, with two giving a buy rating, one a hold, and one a sell, while the average target price is set at GBX 683.75.
• The company reported a negative EPS of GBX (18.20) and has a debt-to-equity ratio of 160.32, indicating potential financial challenges.

Phoenix Group Holdings plc (LON:PHNX - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 630.21 ($8.47) and traded as high as GBX 649.50 ($8.73). Phoenix Group shares last traded at GBX 648 ($8.71), with a volume of 1,956,198 shares.

Analyst Upgrades and Downgrades

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

Phoenix Group Stock Up 0.2%

The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12. The firm has a market cap of £6.47 billion, a price-to-earnings ratio of -579.61, a P/E/G ratio of 1.95 and a beta of 0.73. The firm's fifty day moving average is GBX 664.22 and its two-hundred day moving average is GBX 630.21.

Phoenix Group (LON:PHNX - Get Free Report) last issued 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, sell-side analysts expect that Phoenix Group Holdings plc will post 51.179941 EPS for the current fiscal year.

About Phoenix Group

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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