Spire Healthcare Group (LON:SPI) Shares Cross Above Fifty Day Moving Average – Here’s Why

Spire Healthcare Group plc (LON:SPI)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 218.67 and traded as high as GBX 237.50. Spire Healthcare Group shares last traded at GBX 231.50, with a volume of 3,750,947 shares trading hands.

Analyst Upgrades and Downgrades

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

Spire Healthcare Group Price Performance

The company has a current ratio of 0.63, a quick ratio of 0.73 and a debt-to-equity ratio of 177.14. The stock has a 50-day simple moving average of GBX 218.67 and a 200 day simple moving average of GBX 192.54. The stock has a market capitalization of £927.38 million, a price-to-earnings ratio of 57.88, a price-to-earnings-growth ratio of 1.06 and a beta of 0.93.

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.