Spire Healthcare Group (LON:SPI) Shares Pass Above Fifty Day Moving Average of $230.12

Spire Healthcare Group plc (LON:SPIGet Rating) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 230.12 ($2.82) and traded as high as GBX 241.50 ($2.96). Spire Healthcare Group shares last traded at GBX 241.50 ($2.96), with a volume of 245,414 shares traded.

Analysts Set New Price Targets

SPI has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their target price on Spire Healthcare Group from GBX 347 ($4.25) to GBX 237 ($2.90) and set an “overweight” rating on the stock in a research report on Thursday, June 30th. Barclays restated an “overweight” rating and issued a GBX 310 ($3.80) target price on shares of Spire Healthcare Group in a research note on Tuesday, May 31st. Berenberg Bank restated a “buy” rating and issued a GBX 300 ($3.68) target price on shares of Spire Healthcare Group in a research note on Tuesday, July 12th. Finally, Royal Bank of Canada lifted their target price on Spire Healthcare Group from GBX 240 ($2.94) to GBX 260 ($3.19) and gave the company a “sector perform” rating in a research note on Tuesday, July 19th.

Spire Healthcare Group Stock Performance

The stock has a fifty day moving average price of GBX 230.12 and a two-hundred day moving average price of GBX 229.64. The company has a market cap of £973.33 million and a P/E ratio of -100.63. The company has a debt-to-equity ratio of 179.63, a current ratio of 1.15 and a quick ratio of 0.94.

About Spire Healthcare Group

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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, cancer investigations and treatments, cosmetic surgery, cyst removal, and dental surgery, as well as ear, nose, and throat treatments.

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