Spire Healthcare Group (LON:SPI) Stock Price Crosses Above 50 Day Moving Average of $238.45

Spire Healthcare Group plc (LON:SPI)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 238.45 ($2.95) and traded as high as GBX 250 ($3.09). Spire Healthcare Group shares last traded at GBX 247 ($3.05), with a volume of 140,243 shares trading hands.

Analysts Set New Price Targets

SPI has been the topic of a number of recent research reports. Berenberg Bank upped their target price on Spire Healthcare Group from GBX 286 ($3.53) to GBX 300 ($3.71) and gave the stock a “buy” rating in a research note on Wednesday, April 17th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 344 ($4.25) price target on shares of Spire Healthcare Group in a research report on Thursday, April 18th.

Spire Healthcare Group Stock Down 0.2 %

The company has a market cap of £996.18 million, a PE ratio of 3,521.43, a P/E/G ratio of 1.06 and a beta of 0.99. The business has a 50-day simple moving average of GBX 238.52 and a 200-day simple moving average of GBX 230.02. The company has a quick ratio of 0.74, a current ratio of 0.69 and a debt-to-equity ratio of 170.37.

Spire Healthcare Group Increases Dividend

The company also recently announced 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. The ex-dividend date is Thursday, May 23rd. This represents a dividend yield of 0.89%. This is a boost from Spire Healthcare Group’s previous dividend of $0.50. Spire Healthcare Group’s dividend payout ratio is presently 4,285.71%.

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.