Spire Healthcare Group (LON:SPI) Share Price Passes Below 200-Day Moving Average – What’s Next?

Spire Healthcare Group plc (LON:SPI) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 237.59 ($3.00) and traded as low as GBX 224.50 ($2.83). Spire Healthcare Group shares last traded at GBX 228.50 ($2.88), with a volume of 232,197 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 300 ($3.79) price objective on shares of Spire Healthcare Group in a research note on Tuesday, September 17th.

Spire Healthcare Group Stock Up 1.1 %

The company has a 50-day moving average of GBX 222.12 and a 200-day moving average of GBX 237.59. The company has a market capitalization of £922.73 million, a price-to-earnings ratio of 3,264.29, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The company has a current ratio of 0.70, a quick ratio of 0.74 and a debt-to-equity ratio of 169.51.

Insider Activity at Spire Healthcare Group

In other Spire Healthcare Group news, insider Justin Ash bought 21,100 shares of Spire Healthcare Group stock in a transaction that occurred on Tuesday, September 17th. The shares were bought at an average cost of GBX 236 ($2.98) per share, with a total value of £49,796 ($62,849.93). 34.71% of the stock is currently owned by corporate insiders.

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.