Phoenix Group (LON:PHNX) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Phoenix Group Holdings plc (LON:PHNX)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 739.94 and traded as high as GBX 774.50. Phoenix Group shares last traded at GBX 767, with a volume of 2,361,801 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Berenberg Bank raised their target price on shares of Phoenix Group from GBX 852 to GBX 918 and gave the company a “buy” rating in a research note on Thursday, February 5th. JPMorgan Chase & Co. raised their price objective on shares of Phoenix Group from GBX 605 to GBX 620 and gave the stock an “underweight” rating in a research report on Thursday, February 5th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 750.

Phoenix Group Price Performance

The company’s 50-day simple moving average is GBX 767 and its 200-day simple moving average is GBX 739.94. The stock 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.

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.