Spire Healthcare Group (LON:SPI) Share Price Passes Above 50 Day Moving Average – Here’s Why

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

Wall Street Analyst Weigh In

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

Spire Healthcare Group Trading Up 1.1%

The stock has a market cap of £931.39 million, a P/E ratio of 58.12, a PEG ratio of 1.06 and a beta of 0.93. 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’s fifty day moving average price is GBX 220.08 and its 200 day moving average price is GBX 195.

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.