Phoenix Group (LON:PHNX) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Phoenix Group Holdings plc (LON:PHNX) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 743.49 and traded as high as GBX 774.50. Phoenix Group shares last traded at GBX 767, with a volume of 2,361,801 shares traded.

Wall Street Analysts Forecast Growth

PHNX has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of Phoenix Group from GBX 605 to GBX 620 and gave the stock an “underweight” rating in a research note on Thursday, February 5th. Berenberg Bank upped their price target on shares of Phoenix Group from GBX 852 to GBX 918 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 750.

Phoenix Group Stock Up 0.1%

The firm has a market capitalization of £7.68 billion, a price-to-earnings ratio of -12.10, a P/E/G ratio of 1.95 and a beta of 0.85. The stock’s 50 day moving average price is GBX 767 and its two-hundred day moving average price is GBX 744.36.

Phoenix Group Company Profile

Phoenix Group is one of the UK’s largest long-term savings and retirement businesses with over £290 billion of assets under administration and c. 12 million customers. We were founded in 1782 and are based in London, UK, and our family of brands include Standard Life, SunLife and ReAssure. We are a constituent of the FTSE 100 with c. 6,600 colleagues and offer a broad range of savings and retirement income products to support people across all stages of their savings journey. We are a growing and sustainable business with a clear purpose – helping people secure a life of possibilities.