Spire Healthcare Group (LON:SPI) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Spire Healthcare Group plc (LON:SPI)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 221.42 ($2.74) and traded as high as GBX 226.50 ($2.80). Spire Healthcare Group shares last traded at GBX 226 ($2.80), with a volume of 79,813 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 300 ($3.71) price target on shares of Spire Healthcare Group in a research report on Tuesday, September 17th.

Spire Healthcare Group Stock Performance

The firm has a market cap of £920.71 million, a P/E ratio of 3,257.14, a PEG ratio of 1.06 and a beta of 0.96. 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 stock’s 50-day moving average is GBX 221.47 and its 200 day moving average is GBX 234.86.

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.