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

Key Points

• Phoenix Group's stock crossed above its 200-day moving average, reaching a price high of GBX 699 ($9.44) during trading, with the most recent price at GBX 692 ($9.34).
• The Royal Bank of Canada has lowered its target price on Phoenix Group from GBX 725 to GBX 690, while maintaining an "outperform" rating.
• The company has a market capitalization of £6.94 billion and a significant debt-to-equity ratio of 160.32, indicating a high level of debt compared to its equity.

Phoenix Group Holdings plc (LON:PHNX - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 605.96 ($8.12) and traded as high as GBX 699 ($9.36). Phoenix Group shares last traded at GBX 692 ($9.27), with a volume of 1,131,891 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lowered their target price on Phoenix Group from GBX 725 to GBX 690 and set an "outperform" rating for the company in a research note on Thursday, July 24th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of GBX 635.

Phoenix Group Stock Down 4.2%

The stock has a 50 day simple moving average of GBX 665.35 and a 200-day simple moving average of GBX 610.98. The firm has a market cap of £6.52 billion, a PE ratio of -584.08, a PEG ratio of 1.95 and a beta of 0.73. The company has a debt-to-equity ratio of 160.32, a current ratio of 3.30 and a quick ratio of 0.12.

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.