Spire Healthcare Group (LON:SPI) Stock Price Up 14.1% - Here's What Happened

Key Points

• Spire Healthcare Group's share price surged by 14.1%, reaching GBX 256.50 ($3.46) during trading, significantly outpacing its previous close of GBX 216.50 ($2.92).
• Analysts have set a consensus rating of "Buy" for the stock, with Berenberg Bank targeting a price of GBX 280, while JPMorgan Chase adjusted their target downward to GBX 303.
• The company reported earnings of GBX 4.10 per share and has a market cap of approximately £993.86 million, with a notable debt-to-equity ratio of 62.25.

Spire Healthcare Group plc (LON:SPI - Get Free Report)'s share price was up 14.1% on Saturday . The stock traded as high as GBX 256.50 ($3.47) and last traded at GBX 247 ($3.34). Approximately 9,747,062 shares traded hands during trading, an increase of 563% from the average daily volume of 1,469,073 shares. The stock had previously closed at GBX 216.50 ($2.93).

Analyst Ratings Changes

SPI has been the topic of several recent research reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 280 target price on shares of Spire Healthcare Group in a report on Thursday, July 31st. JPMorgan Chase & Co. cut their target price on shares of Spire Healthcare Group from GBX 309 to GBX 303 and set an "overweight" rating on the stock in a research note on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 294.33.

Spire Healthcare Group Trading Up 3.2%

The firm has a market capitalization of £978.32 million, a P/E ratio of 5,285.65, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The stock's 50-day simple moving average is GBX 218.99 and its two-hundred day simple moving average is GBX 203.96. The company has a debt-to-equity ratio of 62.25, a current ratio of 0.70 and a quick ratio of 0.74.

Spire Healthcare Group (LON:SPI - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported GBX 4.10 earnings per share (EPS) for the quarter. Spire Healthcare Group had a return on equity of 3.82% and a net margin of 1.96%. Equities 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.