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Spire Healthcare Group (LON:SPI) Stock Passes Below Two Hundred Day Moving Average - Here's Why

Spire Healthcare Group logo with Medical background

Spire Healthcare Group plc (LON:SPI - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 214.78 ($2.85) and traded as low as GBX 183.10 ($2.43). Spire Healthcare Group shares last traded at GBX 184.88 ($2.45), with a volume of 1,039,453 shares.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft dropped their target price on Spire Healthcare Group from GBX 320 ($4.24) to GBX 300 ($3.98) and set a "buy" rating on the stock in a report on Thursday, March 6th.

View Our Latest Research Report on SPI

Spire Healthcare Group Price Performance

The stock has a 50 day moving average price of GBX 192.53 and a two-hundred day moving average price of GBX 214.08. The company has a debt-to-equity ratio of 62.25, a quick ratio of 0.74 and a current ratio of 0.70. The company has a market capitalization of £738.50 million, a PE ratio of 26.17, a P/E/G ratio of 1.06 and a beta of 0.96.

Spire Healthcare Group (LON:SPI - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported GBX 8.80 ($0.12) earnings per share for the quarter. Spire Healthcare Group had a return on equity of 3.82% and a net margin of 1.96%. Equities analysts forecast that Spire Healthcare Group plc will post 15.6634747 earnings per share for the current year.

Spire Healthcare Group Increases Dividend

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

Further Reading

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