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

Spire Healthcare Group plc (LON:SPI)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 221.22 ($2.97) and traded as high as GBX 249.50 ($3.35). Spire Healthcare Group shares last traded at GBX 248.50 ($3.34), with a volume of 622,731 shares traded.

Analysts Set New Price Targets

A number of research analysts have weighed in on SPI shares. JPMorgan Chase & Co. decreased their price objective on shares of Spire Healthcare Group from GBX 309 to GBX 303 and set an “overweight” rating for the company in a research report on Tuesday, August 5th. Berenberg Bank reiterated a “buy” rating and issued a GBX 280 price objective on shares of Spire Healthcare Group in a research report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Spire Healthcare Group currently has a consensus rating of “Buy” and an average target price of GBX 294.33.

Spire Healthcare Group Stock Down 0.2%

The firm has a market cap of £997.88 million, a PE ratio of 5,391.30, a PEG ratio of 1.06 and a beta of 0.96. The business’s 50 day moving average price is GBX 221.22 and its 200 day moving average price is GBX 206.44. The company has a debt-to-equity ratio of 62.25, a current ratio of 0.70 and a quick ratio of 0.74.

Spire Healthcare Group (LON:SPI) last released its earnings results on Thursday, July 31st. The company reported GBX 4.10 EPS for the quarter. Spire Healthcare Group had a net margin of 1.96% and a return on equity of 3.82%. On average, equities research analysts expect 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.