Spire Healthcare Group (LON:SPI) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of 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 200.78 and traded as high as GBX 218. Spire Healthcare Group shares last traded at GBX 218, with a volume of 978,499 shares changing hands.

Wall Street Analysts Forecast Growth

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

Spire Healthcare Group Stock Down 0.6%

The company has a 50-day moving average of GBX 201.90 and a 200-day moving average of GBX 186.27. The company has a market capitalization of £878.07 million, a price-to-earnings ratio of 54.80, a price-to-earnings-growth ratio of 1.06 and a beta of 0.92. The company has a current ratio of 0.63, a quick ratio of 0.73 and a debt-to-equity ratio of 177.14.

Spire Healthcare Group Company Profile

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.