Phoenix Group (LON:PHNX) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Phoenix Group Holdings plc's share price has crossed above its 200-day moving average, indicating potential upward momentum in the stock performance.
• Analysts have varied opinions on the stock, with target prices ranging from GBX 630 to GBX 850 and an average rating of "Hold."
• The company reported a negative net margin of 2.10% and a negative return on equity of 21.76% in its latest earnings report.

Phoenix Group Holdings plc (LON:PHNX - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 625.54 ($8.41) and traded as high as GBX 662.50 ($8.91). Phoenix Group shares last traded at GBX 658.50 ($8.86), with a volume of 2,664,665 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Royal Bank Of Canada dropped their target price on shares of Phoenix Group from GBX 725 to GBX 690 and set an "outperform" rating for the company in a report on Thursday, July 24th. UBS Group reiterated a "neutral" rating and issued a GBX 630 target price on shares of Phoenix Group in a report on Friday, September 5th. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 850 price target on shares of Phoenix Group in a research report on Wednesday, September 3rd. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of GBX 683.75.

Phoenix Group Price Performance

The company has a debt-to-equity ratio of 160.32, a quick ratio of 0.12 and a current ratio of 3.30. The company has a market cap of £6.58 billion, a PE ratio of -589.00, a PEG ratio of 1.95 and a beta of 0.73. The company's 50-day simple moving average is GBX 665.73 and its 200 day simple moving average is GBX 625.54.

Phoenix Group (LON:PHNX - Get Free Report) last issued its quarterly earnings results on Monday, September 8th. The company reported GBX (18.20) EPS for the quarter. Phoenix Group had a negative net margin of 2.10% and a negative return on equity of 21.76%. On average, sell-side analysts predict that Phoenix Group Holdings plc will post 51.179941 earnings per share for the current fiscal year.

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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