Spire Healthcare Group (LON:SPI) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Spire Healthcare Group plc (LON:SPIGet Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 220.08 ($2.84) and traded as low as GBX 176.85 ($2.28). Spire Healthcare Group shares last traded at GBX 183.80 ($2.37), with a volume of 780,433 shares trading hands.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft lowered their target price on Spire Healthcare Group from GBX 320 ($4.13) to GBX 300 ($3.87) and set a “buy” rating for the company in a research note on Thursday, March 6th.

View Our Latest Analysis on SPI

Spire Healthcare Group Stock Performance

The stock’s 50-day simple moving average is GBX 206.40 and its 200 day simple moving average is GBX 219.22. The company has a market capitalization of £731.66 million, a PE ratio of 25.93, a P/E/G ratio of 1.06 and a beta of 0.96. The company has a debt-to-equity ratio of 62.25, a quick ratio of 0.74 and a current ratio of 0.70.

Spire Healthcare Group (LON:SPIGet Free Report) last issued its earnings results on Thursday, March 6th. The company reported GBX 8.80 ($0.11) EPS for the quarter. Spire Healthcare Group had a net margin of 1.96% and a return on equity of 3.82%. As a group, research analysts expect that Spire Healthcare Group plc will post 15.6634747 earnings per share for the current fiscal year.

Spire Healthcare Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, June 20th. Shareholders of record on Thursday, May 22nd will be paid a GBX 2.30 ($0.03) dividend. This is a positive change from Spire Healthcare Group’s previous dividend of $2.10. This represents a yield of 1.29%. The ex-dividend date of this dividend is Thursday, May 22nd. Spire Healthcare Group’s dividend payout ratio is currently 42.70%.

About Spire Healthcare Group

(Get Free Report)

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.

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