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

Spire Healthcare Group plc (LON:SPI) passed 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 traded.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 245 target price 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, Based on data from MarketBeat.com, the stock presently has an average 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 stock has a market cap of £879.31 million, a P/E ratio of 54.88, a PEG ratio of 1.06 and a beta of 0.91. The firm’s 50-day simple moving average is GBX 182.61 and its 200 day simple moving average is GBX 184.28.

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.