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Spire Healthcare Group (LON:SPI) Shares Up 16.4% - Should You Buy?

Spire Healthcare Group logo with Medical background

Key Points

  • Spire Healthcare Group's shares rose by 16.4% on Friday, reaching a last traded price of GBX 252 ($3.42), with trading volume surging to approximately 39.5 million shares.
  • Analysts have a consensus rating of "Buy" for Spire Healthcare Group, with an average price target of GBX 294.33, despite some mixed revisions in price targets from firms like Berenberg Bank and JPMorgan Chase & Co..
  • For the recent quarter, Spire Healthcare reported earnings of GBX 4.10 per share, with an expected 15.66 earnings per share forecast for the current year.
  • Five stocks to consider instead of Spire Healthcare Group.

Spire Healthcare Group plc (LON:SPI - Get Free Report) traded up 16.4% on Friday . The stock traded as high as GBX 256.50 ($3.47) and last traded at GBX 252 ($3.41). 39,487,281 shares changed hands during trading, an increase of 2,319% from the average session volume of 1,632,481 shares. The stock had previously closed at GBX 216.50 ($2.93).

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Spire Healthcare Group from GBX 309 to GBX 303 and set an "overweight" rating for the company in a report on Tuesday, August 5th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 280 price objective on shares of Spire Healthcare Group in a report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of GBX 294.33.

Check Out Our Latest Report on SPI

Spire Healthcare Group Stock Up 3.6%

The company has a market cap of £981.79 million, a price-to-earnings ratio of 5,304.35, 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 62.25. The firm's fifty day moving average price is GBX 218.99 and its 200-day moving average price is GBX 203.96.

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

About Spire Healthcare Group

(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.

Further Reading

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