Spire Healthcare Group (LON:SPI) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Spire Healthcare Group plc (LON:SPI)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 182.61 and traded as high as GBX 224. Spire Healthcare Group shares last traded at GBX 219.50, with a volume of 2,500,892 shares changing hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 245 price objective on shares of Spire Healthcare Group in a research report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Spire Healthcare Group has a consensus rating of “Buy” and an average price target of GBX 276.

Spire Healthcare Group Stock Performance

The company has a current ratio of 0.63, a quick ratio of 0.74 and a debt-to-equity ratio of 177.14. The business’s 50-day moving average is GBX 182.61 and its two-hundred day moving average is GBX 184.28. The firm has a market cap of £879.31 million, a P/E ratio of 54.88, a P/E/G ratio of 1.06 and a beta of 0.91.

About Spire Healthcare Group

Spire Healthcare Group plc, together with its subsidiaries, owns and operates private hospitals and clinics. It offers various treatments in the areas of allergy and infectious diseases, blood tests, bones and joints, bowel treatments, breast screening and surgery, cancer investigations and treatments, cosmetic surgery, cyst removal, and dental surgery, as well as ear, nose, and throat treatments. The company also provides eye surgery and treatments, family planning, gastroenterology, general medicine, general surgery, haematology, hand surgery, hip and knee treatment, and heart and kidney treatments.