Spire Healthcare Group (LON:SPI) Shares Cross Above Fifty Day Moving Average of $238.45

Spire Healthcare Group plc (LON:SPI)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 238.45 ($2.95) and traded as high as GBX 250 ($3.09). Spire Healthcare Group shares last traded at GBX 247 ($3.05), with a volume of 140,243 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SPI. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 344 ($4.25) target price on shares of Spire Healthcare Group in a report on Thursday, April 18th. Berenberg Bank raised their target price on Spire Healthcare Group from GBX 286 ($3.53) to GBX 300 ($3.71) and gave the company a “buy” rating in a report on Wednesday, April 17th.

Spire Healthcare Group Trading Up 0.3 %

The company has a fifty day simple moving average of GBX 238.45 and a two-hundred day simple moving average of GBX 229.81. The company has a debt-to-equity ratio of 170.37, a current ratio of 0.69 and a quick ratio of 0.74. The company has a market capitalization of £1.00 billion, a P/E ratio of 3,528.57, a price-to-earnings-growth ratio of 1.06 and a beta of 0.99.

Spire Healthcare Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 21st. Stockholders of record on Thursday, May 23rd will be paid a GBX 2.10 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This is a positive change from Spire Healthcare Group’s previous dividend of $0.50. This represents a dividend yield of 0.89%. Spire Healthcare Group’s payout ratio is presently 4,285.71%.

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.