Spire Healthcare Group (LON:SPI) Shares Cross Above Fifty Day Moving Average – Here’s Why

Spire Healthcare Group plc (LON:SPI)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 218.67 and traded as high as GBX 237.50. Spire Healthcare Group shares last traded at GBX 231.50, with a volume of 3,750,947 shares changing hands.

Wall Street Analysts Forecast Growth

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

Spire Healthcare Group Price Performance

The company’s 50-day simple moving average is GBX 218.67 and its 200 day simple moving average is GBX 192.54. The company has a market capitalization of £927.38 million, a P/E ratio of 57.88, a P/E/G ratio of 1.06 and a beta of 0.93. The company has a quick ratio of 0.73, a current ratio of 0.63 and a debt-to-equity ratio of 177.14.

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.