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Phoenix Group (LON:PHNX) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Phoenix Group logo with Financial Services background

Key Points

  • Phoenix Group's stock price has risen above its 200-day moving average, trading at GBX 680 ($9.17) with a recent high of GBX 686.50 ($9.26).
  • The Royal Bank of Canada has lowered its price target for Phoenix Group from GBX 725 to GBX 690, maintaining an "outperform" rating.
  • Despite a high debt-to-equity ratio of 160.32, Phoenix Group remains a significant player in the UK market, managing approximately £300 billion in assets.
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Phoenix Group Holdings plc (LON:PHNX - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 599.16 ($8.10) and traded as high as GBX 686.50 ($9.29). Phoenix Group shares last traded at GBX 680 ($9.20), with a volume of 1,397,861 shares.

Analyst Ratings Changes

Separately, Royal Bank Of Canada decreased their target price 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. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat, Phoenix Group has an average rating of "Hold" and an average target price of GBX 635.

View Our Latest Stock Report on Phoenix Group

Phoenix Group Stock 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 business's fifty day simple moving average is GBX 661.43 and its 200-day simple moving average is GBX 602.91. The firm has a market capitalization of £6.94 billion, a PE ratio of -13.31, a price-to-earnings-growth ratio of 1.95 and a beta of 0.73.

About Phoenix Group

(Get Free Report)

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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