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

Spire Healthcare Group plc (LON:SPI)’s stock price passed 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.

Wall Street Analyst Weigh In

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

Spire Healthcare Group Price Performance

The stock’s 50-day simple moving average is GBX 221.46 and its two-hundred day simple moving average is GBX 235.99. The firm has a market cap of £914.65 million, a P/E ratio of 3,235.71, a PEG ratio of 1.06 and a beta of 0.96. The company has a debt-to-equity ratio of 169.51, a current ratio of 0.70 and a quick ratio of 0.74.

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.