Spire Healthcare Group (LON:SPI) Shares Pass 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 Monday . The stock has a 50-day moving average of GBX 221.43 ($2.78) and traded as high as GBX 224.50 ($2.81). Spire Healthcare Group shares last traded at GBX 223 ($2.80), with a volume of 175,965 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 300 ($3.76) price objective on shares of Spire Healthcare Group in a research report on Tuesday, September 17th.

Spire Healthcare Group Stock Performance

The company has a debt-to-equity ratio of 169.51, a quick ratio of 0.74 and a current ratio of 0.70. The business’s fifty day moving average price is GBX 221.46 and its 200-day moving average price is GBX 235.99. The stock has a market cap of £914.65 million, a PE ratio of 3,235.71, a P/E/G ratio of 1.06 and a beta of 0.96.

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.