Spire Healthcare Group (LON:SPI) Stock Crosses Above 50-Day Moving Average of $237.33

Spire Healthcare Group plc (LON:SPI) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 237.33 ($2.95) and traded as high as GBX 241 ($3.00). Spire Healthcare Group shares last traded at GBX 239 ($2.98), with a volume of 240,857 shares traded.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPI. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 295 ($3.67) price target on shares of Spire Healthcare Group in a research note on Monday, February 26th. Berenberg Bank reiterated a “buy” rating and issued a GBX 286 ($3.56) price target on shares of Spire Healthcare Group in a research note on Thursday, February 29th.

Spire Healthcare Group Stock Performance

The stock has a market cap of £963.85 million, a P/E ratio of 3,407.14, a P/E/G ratio of 1.06 and a beta of 0.99. The firm has a 50 day moving average of GBX 237.41 and a two-hundred day moving average of GBX 228.84. The company has a debt-to-equity ratio of 170.37, a quick ratio of 0.74 and a current ratio of 0.69.

Spire Healthcare Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 21st. Shareholders of record on Thursday, May 23rd will be issued a dividend of GBX 2.10 ($0.03) per share. This represents a yield of 0.89%. This is an increase from Spire Healthcare Group’s previous dividend of $0.50. The ex-dividend date of this dividend is Thursday, May 23rd. Spire Healthcare Group’s payout ratio is presently 4,285.71%.

Spire Healthcare Group Company Profile

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.