Spire Healthcare Group (LON:SPI) Stock Passes Above 50 Day Moving Average – What’s Next?

Spire Healthcare Group plc (LON:SPI)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 220.08 and traded as high as GBX 232.50. Spire Healthcare Group shares last traded at GBX 232.50, with a volume of 56,198,000 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 245 price objective on shares of Spire Healthcare Group in a report on Friday, May 15th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 245.

Spire Healthcare Group Trading Up 1.1%

The company has a debt-to-equity ratio of 177.14, a quick ratio of 0.73 and a current ratio of 0.63. The stock’s 50-day simple moving average is GBX 220.08 and its 200-day simple moving average is GBX 195. The firm has a market capitalization of £931.39 million, a PE ratio of 58.12, a P/E/G 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.