Spire Healthcare Group (LON:SPI) Stock Passes Below 200 Day Moving Average – Here’s Why

Spire Healthcare Group plc (LON:SPIGet Free Report)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 220.08 ($2.86) and traded as low as GBX 176.85 ($2.30). Spire Healthcare Group shares last traded at GBX 183.80 ($2.39), with a volume of 780,433 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft cut their price target on Spire Healthcare Group from GBX 320 ($4.16) to GBX 300 ($3.90) and set a “buy” rating on the stock in a research note on Thursday, March 6th.

Read Our Latest Stock Report on Spire Healthcare Group

Spire Healthcare Group Trading Up 0.5 %

The firm’s 50 day simple moving average is GBX 208.22 and its two-hundred day simple moving average is GBX 220.08. 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 stock has a market cap of £738.08 million, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96.

Spire Healthcare Group (LON:SPIGet Free Report) last issued its earnings results on Thursday, March 6th. The company reported GBX 8.80 ($0.11) EPS for the quarter. Spire Healthcare Group had a return on equity of 3.82% and a net margin of 1.96%. As a group, equities research analysts predict that Spire Healthcare Group plc will post 15.6634747 earnings per share for the current fiscal year.

Spire Healthcare Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 22nd will be paid a dividend of GBX 2.30 ($0.03) per share. This represents a dividend yield of 1.29%. The ex-dividend date is Thursday, May 22nd. This is a positive change from Spire Healthcare Group’s previous dividend of $2.10. Spire Healthcare Group’s dividend payout ratio (DPR) is currently 42.70%.

Spire Healthcare Group Company Profile

(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.

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