Guide to Spread Betting on Phoenix Group Shares with Live PHNX Prices, Charts, Analysis and Broker Recommendations
Clean Financial - The Financial Spread Betting Website
Phoenix Group Spread Betting Guide

Phoenix Group Spread Betting



Where Can I Spread Bet on Phoenix Group?


At the moment, you can spread bet on Phoenix Group, in addition to a variety of other related online markets, with providers such as:

IG Index
Broker Ratings - Sponsored by IG

Phoenix Group Broker Ratings


The following table takes the last 5 broker ratings/recommendations and gives a quick overview of the average target share price and creates an average broker rating for Phoenix Group:

Date Average
Broker Rating
Average
Rating
Last Price Average Target Price Average Potential Upside / Downside
25-Sep-14 Brokers Tips SellSell Based on last 5 Ratings 739.5 647 -12.56%


A look at the latest Phoenix Group broker ratings:

DateBroker Rating Broker Last Price Target Price Potential Upside / Downside
25-Sep-14Brokers Tips - BuyBuyCanaccord Genuity Corp739.58008.20%
26-Aug-14Brokers Tips - EqualweightEqualweightBarclays735713-3.00%
22-Aug-14Brokers Tips - BuyBuyCanaccord Genuity Corp739.58008.20%
12-Aug-14Brokers Tips - HoldHoldInvestec90.512032.60%
24-Jul-14Brokers Tips - BuyBuyCanaccord Genuity Corp649.580023.20%
16-Jul-14Brokers Tips - HoldHoldInvestec9512026.30%
18-Jun-14Brokers Tips - BuyBuyCanaccord Genuity Corp637.580025.50%
10-Jun-14Brokers Tips - AddAddOriel Securities Ltd65575014.50%
10-Jun-14Brokers Tips - HoldHoldInvestec90.512032.60%
02-May-14Brokers Tips - HoldHoldDeutsche Bank685.57357.20%
01-Apr-14Brokers Tips - UnderweightUnderweightBarclays673596-11.40%
31-Mar-14Brokers Tips - BuyBuyCanaccord Genuity Corp684.580016.90%
24-Mar-14Brokers Tips - BuyBuyCanaccord Genuity Corp71086521.80%
20-Mar-14Brokers Tips - HoldHoldBerenberg699.57507.20%
17-Mar-14Brokers Tips - HoldHoldInvestec12313812.20%
12-Mar-14Brokers Tips - HoldHoldNumis Securities Ltd11813010.20%
07-Jan-14Brokers Tips - OverweightOverweightJPMorgan73591524.50%
11-Dec-13Brokers Tips - BuyBuyCanaccord Genuity Corp681.586526.90%
03-Dec-13Brokers Tips - UnderweightUnderweightBarclays714.5613-14.20%
28-Nov-13Brokers Tips - HoldHoldInvestec1351382.20%
15-Nov-13Brokers Tips - BuyBuyCanaccord Genuity Corp72586519.30%
14-Nov-13Brokers Tips - HoldHoldDeutsche Bank7287756.50%
03-Sep-13Brokers Tips - BuyBuyCanaccord Genuity Corp769.57852.00%
29-Aug-13Brokers Tips - AddAddOriel Securities Ltd741.57501.10%
23-Aug-13Brokers Tips - BuyBuyDeutsche Bank7397754.90%

For the latest UK broker ratings see Daily Trading Tips.

This is Not Investment Advice


Where Can I Find Live Spread Betting Prices and Charts for Phoenix Group?


The live CFD trading chart and prices below provides users with a useful guide to the Phoenix Group market.


The above Plus 500 chart is usually based on the Phoenix Group futures contract.

If you would like to access live spread trading charts and the current prices for Phoenix Group, you will generally need a spread trading account.

Also, a spreads account would let you speculate on the shorter-term spot markets. Please note that all such accounts are normally dependent on credit, suitability and status checks.

If your application is approved, you can log on to check the prices and charts. These are usually provided for free. Having said that, you'll probably receive the odd call or email from your spread betting provider.

If you were to trade then, before you start, you should be aware that financial spread trading and CFD trading involve a high degree of risk to your funds and can result in you losing more than your initial investment.

See below for more on advanced Phoenix Group charts.


Phoenix Group Analysis & News


Date Trading Update
01-Oct-14 [8:11am]

Phoenix Group Share Price Update:



Neutral Share Price The stock is trading lower than the 20-DMA of 728.7p and higher than the 50-DMA of 718.8p.
  • Current Price(i): 723.5p
  • Closing Price: 728.0p
  • Falling Share Price 1 Day Change: Down -0.48%
  • Falling Share Price 5 Day Change: Down -0.75%

Long-Term PHNX.L Data

  • 52 Week High 52 Week High: 853.5p
  • 52 Week Low 52 Week Low: 560.5p
  • EPS(i): £1.58
  • PE Ratio(i): 4.58
  • Volume / Average Volume(i): 0.002m / 0.565m
  • Market Cap(i): £1,628m
  • Shares Outstanding(i): 225m
Price data from Google Finance. Also see Live PHNX.L Share Price & Charts and About Phoenix Group for more information.

Update by Jenna Cutly, Editor, CleanFinancial
05-Dec-13 [10:36am] Falling UK Shares Phoenix Group -4.15%

Phoenix Group has plummeted after private equity firm TDR Capital has said it has raised £145.2m from the sale of 22m shares in the firm. TDR now holds 14m shares in Phoenix Group, approx. 6% of the issued share capital.

Update by Sam Fox, Trader, Spreadex
28-Oct-13 [10:21am] Falling UK Shares Phoenix Group -1.59%

Phoenix IT Group warned its earnings this year would take an estimated 2m pound knock after one of its suppliers said they were ending their contract with the company. The managed hosting and cloud services group said it was working to mitigate the effect of this and was putting in place alternative arrangements to minimise any disruption to its customers.

Update by Max Cohen, Trader, Spreadex
25-Oct-13 [10:54am] Rising UK Share Phoenix Group +2.71%

Phoenix Group extended its strong financial performance into the second half and is on track to achieve the top end of its 2013 cash generation target. The insurance provider confirmed year-to-date cash generation of £734 million, and said it was bound for its full-year cash generation target of between £650m and £750m.

Update by Max Cohen, Trader, Spreadex

Readers please note:


About Phoenix Group


Technical Charting Packages for Phoenix Group


Even though charting software and packages tend to differ across the various firms, in order to help your analysis, the majority of charts usually come with useful features and tools that include:
  • A host of different time periods such as 15 minutes, 2 hours, 1 month etc
  • A variety of chart views such as candlestick, OHLC and line charts
  • Tools for drawing and adding features such as Trendlines, Fibonacci Arcs, Time Zones and Fans

The charts offered by FinancialSpreads.com also offer more advanced features such as:
  • Back Testing, Customisable Indicators and Optimisation tools
  • Key technical overlays such as Moving Average, Bollinger Bands, Chande Kroll Stop etc
  • A selection of indicator charts such as Momentum Percentage, Williams %R, Projection Bands etc
  • Customised alerts when the markets reach a given price

Example equities chart

Phoenix Group Trading Guide - Example Chart


The spread betting firms in the list below give users access to live trading charts/prices:

Where Can I Spread Bet on Phoenix Group for Free?


Speculating on the markets always includes an element of risk, but if you would like to open a completely free Demo Account, which lets you trial financial spread betting, then please see below.

When thinking about which investment option is right for you, don't forget that, in the UK, spread trading is tax free*, i.e. there is no stamp duty, capital gains tax or income tax.

If you are interested in a free financial spread betting site then you should note that you can speculate on Phoenix Group with no brokers' fees, and zero commissions, via providers like:

Free Demo Account


If you are looking for a completely free Demo Account where you are able to get a feel for spread betting, including markets such as Phoenix Group, then you can always take a look at: The spread trading companies listed above provide a Practice Account which investors can use to practice with a host of trading orders, test trading strategies and study charts, such as candlestick and bar charts.


How to Spread Bet on Phoenix Group

How to Spread Bet on Phoenix Group?


If an investor decides to invest in firms such as Phoenix Group then one solution could be to place a spread bet on the Phoenix Group share price.

Looking at a spread trading platform like Capital Spreads, you can see that they are showing the Phoenix Group Rolling Daily market at 635.2p - 639.3p. As a result, an investor can spread bet on the Phoenix Group shares:

  Phoenix Group Spread Trading Example Increasing higher than 639.3p, or
  Phoenix Group Trading Example Decreasing lower than 635.2p

When financial spread trading on FTSE 350 equities you trade in £x per penny. So, if you chose to have a stake of £4 per penny and the Phoenix Group share price changes by 28p then there would be a difference to your P&L of £112. £4 per penny x 28p = £112.

Rolling Daily Equities Markets

You should note that this is a 'Rolling Daily Market', therefore unlike a futures market, there is no settlement date. Therefore, if you decide not to close your trade by the end of the day, it will stay open and roll over into the next day.

If your bet is rolled over and you are speculating that the market will:

  Phoenix Group Trading Example Go up - then you will often be charged a small financing fee, or
  Phoenix Group Trading Example Go down - then you'll often receive a small payment to your account

To see a fully worked example read Rolling Daily Spread Betting.


Phoenix Group Rolling Daily - Shares Trading Example


If we continue with the spread of 635.2p - 639.3p and make the assumptions that:
  • You have completed your research, and
  • You think that the Phoenix Group share price looks like it will increase and go above 639.3p
Then you may choose to go long of the market at 639.3p and invest, for the sake of argument, £5 per penny.

Therefore, you win £5 for every penny that the Phoenix Group shares move higher than 639.3p. On the other hand, such a bet also means you will make a loss of £5 for every penny that the Phoenix Group market moves below 639.3p.

Looked at another way, if you were to ‘Buy’ a spread bet then your profits (or losses) are found by taking the difference between the settlement price of the market and the initial price you bought the market at. You then multiply that price difference by the stake.

As a result, if after a few trading sessions the stock rose then you might consider closing your trade and therefore lock in your profits. Taking this a step further, if the market did go up then the spread, set by the spread betting company, might move up to 661.4p - 665.5p. You would close your trade by selling at 661.4p. As a result, with the same £5 stake you would make:

Profit / loss = (Settlement Price - Initial Price) x stake
Profit / loss = (661.4p - 639.3p) x £5 per penny stake
Profit / loss = 22.1p x £5 per penny stake
Profit / loss = £110.50 profit

Speculating on equities, by spread betting or otherwise, is not simple. In the above example, you had bet that the share price would increase. Of course, the share price might fall.

If the Phoenix Group shares weakened, against your expectations, then you might decide to settle/close your spread bet in order to limit your losses.

So if the market dropped to 620.1p - 624.2p then this means you would settle/close your trade by selling at 620.1p. As a result, your loss would be:

Profit / loss = (Settlement Price - Initial Price) x stake
Profit / loss = (620.1p - 639.3p) x £5 per penny stake
Profit / loss = -19.2p x £5 per penny stake
Profit / loss = -£96.00 loss

Note: Phoenix Group Rolling Daily spread betting price quoted as of 01-Feb-13.


Advert: Phoenix Group Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Phoenix Group with Financial Spreads.


Trading Risk Warning
'Phoenix Group Spread Betting' edited by DB, updated 01-Oct-14

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