Phoenix Group (LON:PHNX) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Shares of Phoenix Group Holdings plc (LON:PHNX - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 573.39 ($7.75) and traded as high as GBX 649 ($8.77). Phoenix Group shares last traded at GBX 646.50 ($8.74), with a volume of 1,802,653 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their target price on shares of Phoenix Group from GBX 500 ($6.76) to GBX 565 ($7.64) and gave the company an "underweight" rating in a research note on Friday, March 28th.

Phoenix Group Price Performance

The business's fifty day moving average is GBX 642.06 and its 200 day moving average is GBX 574.27. The company has a current ratio of 3.30, a quick ratio of 0.12 and a debt-to-equity ratio of 160.32. The firm has a market capitalization of £6.52 billion, a P/E ratio of -12.50, a P/E/G ratio of 1.95 and a beta of 0.73.

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.