Spire Healthcare Group plc (SPI.L) (LON:SPI) Shares Cross Above 50 Day Moving Average of $146.50

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Spire Healthcare Group plc (SPI.L) (LON:SPI)’s share price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $146.50 and traded as high as $160.70. Spire Healthcare Group plc (SPI.L) shares last traded at $152.20, with a volume of 141,315 shares trading hands.

Separately, JPMorgan Chase & Co. raised shares of Spire Healthcare Group plc (SPI.L) to an “overweight” rating and raised their price target for the company from GBX 136 ($1.78) to GBX 175 ($2.29) in a research note on Monday, September 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Spire Healthcare Group plc (SPI.L) has a consensus rating of “Hold” and a consensus target price of GBX 110.50 ($1.44).

The company has a debt-to-equity ratio of 165.29, a quick ratio of 0.70 and a current ratio of 0.93. The stock’s 50 day simple moving average is GBX 146.50 and its two-hundred day simple moving average is GBX 111.22. The firm has a market capitalization of £612.85 million and a PE ratio of -2.62.

About Spire Healthcare Group plc (SPI.L) (LON:SPI)

Spire Healthcare Group plc, together with its subsidiaries, owns and operates private hospitals and clinics in the United Kingdom. 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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