Spire Healthcare Group (LON:SPI) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Spire Healthcare Group plc (LON:SPI) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 174.02 and traded as high as GBX 219. Spire Healthcare Group shares last traded at GBX 217, with a volume of 6,647,986 shares.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reiterated 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.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 276.

Spire Healthcare Group Stock Performance

The firm’s fifty day moving average price is GBX 176.83 and its 200 day moving average price is GBX 184.70. 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 firm has a market capitalization of £873.30 million, a PE ratio of 54.50, a PEG ratio of 1.06 and a beta of 0.91.

Spire Healthcare Group (LON:SPI) last posted its quarterly earnings results on Friday, March 6th. The company reported GBX 9.60 EPS for the quarter. Spire Healthcare Group had a net margin of 1.04% and a return on equity of 2.22%. On average, research analysts anticipate that Spire Healthcare Group plc will post 15.6634747 earnings per share for the current year.

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.