Spire Healthcare Group (LON:SPI) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Spire Healthcare Group's share price has surpassed its 50-day moving average, trading at GBX 221 ($2.99) with recent highs at GBX 224 ($3.03).
• Analysts are generally optimistic, with Berenberg Bank maintaining a buy rating and a target price of GBX 280, and the average rating for the stock is also a buy with a target of GBX 294.33.
• The company's financials indicate a net margin of 1.96% and projected earnings per share of approximately 15.66 for the current year.

Spire Healthcare Group plc (LON:SPI - Get Free Report) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 221.20 ($2.99) and traded as high as GBX 224 ($3.02). Spire Healthcare Group shares last traded at GBX 221 ($2.98), with a volume of 464,308 shares.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SPI. Berenberg Bank reissued a "buy" rating and issued a GBX 280 price objective on shares of Spire Healthcare Group in a report on Thursday, July 31st. JPMorgan Chase & Co. dropped their price objective on shares of Spire Healthcare Group from GBX 309 to GBX 303 and set an "overweight" rating on the stock in a report on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of GBX 294.33.

Spire Healthcare Group Price Performance

The company has a quick ratio of 0.74, a current ratio of 0.70 and a debt-to-equity ratio of 62.25. The firm has a market cap of £873.15 million, a PE ratio of 4,717.39, a P/E/G ratio of 1.06 and a beta of 0.96. The firm's fifty day simple moving average is GBX 221.36 and its two-hundred day simple moving average is GBX 204.69.

Spire Healthcare Group (LON:SPI - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported GBX 4.10 earnings per share for the quarter. Spire Healthcare Group had a net margin of 1.96% and a return on equity of 3.82%. As a group, research analysts expect that Spire Healthcare Group plc will post 15.6634747 EPS for the current year.

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.