Phoenix Group (LON:PHNX) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Phoenix Group Holdings plc (LON:PHNX) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 521.11 ($6.72) and traded as high as GBX 525.50 ($6.77). Phoenix Group shares last traded at GBX 516.50 ($6.66), with a volume of 2,349,331 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 650 ($8.38) price target on shares of Phoenix Group in a research note on Monday, February 17th.

Phoenix Group Stock Down 0.1 %

The company has a quick ratio of 0.12, a current ratio of 3.30 and a debt-to-equity ratio of 160.32. The company has a market capitalization of £5.16 billion, a price-to-earnings ratio of -9.90, a P/E/G ratio of 1.95 and a beta of 0.73. The stock’s fifty day moving average price is GBX 508.52 and its 200-day moving average price is GBX 521.11.

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.