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

Phoenix Group Holdings plc (LON:PHNX) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 526.85 ($6.84) and traded as high as GBX 536.66 ($6.97). Phoenix Group shares last traded at GBX 530 ($6.88), with a volume of 1,404,262 shares traded.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. The Goldman Sachs Group reiterated a “sell” rating on shares of Phoenix Group in a research note on Wednesday, September 18th. JPMorgan Chase & Co. boosted their price target on Phoenix Group from GBX 505 ($6.56) to GBX 510 ($6.62) and gave the company an “underweight” rating in a report on Wednesday, September 18th.

Phoenix Group Price Performance

The company has a current ratio of 0.19, a quick ratio of 0.12 and a debt-to-equity ratio of 132.01. The stock has a 50-day moving average price of GBX 549.70 and a 200 day moving average price of GBX 526.85. The stock has a market capitalization of £5.30 billion, a price-to-earnings ratio of -1,000.00, a PEG ratio of 1.95 and a beta of 0.73.

Phoenix Group Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 3rd will be issued a GBX 26.65 ($0.35) dividend. This represents a yield of 4.62%. The ex-dividend date of this dividend is Thursday, October 3rd. Phoenix Group’s payout ratio is currently -10,000.00%.

Phoenix Group Company Profile

Phoenix Group Holdings plc operates in the long-term savings and retirement business in Europe. The company operates through five segments: Retirement Solutions, Pensions & Savings, With-Profits, SunLife & Protection, and Europe & Other. It provides a range of savings and retirement income products to support people across various stages of the savings life cycle.