Spire Healthcare Group (LON:SPI) Trading 13.4% Higher - Here's What Happened

Key Points

• Spire Healthcare Group's stock price surged by 13.4% to GBX 245.50 ($3.33) during mid-day trading, marking a significant increase in trading volume of 2,397% compared to its average.
• Analysts rate the stock positively, with a consensus target price of GBX 294.33, and Berenberg Bank maintaining a "buy" rating with a target of GBX 280.
• The company's recent earnings report revealed an EPS of GBX 4.10 and a projected EPS of 15.66 for the current fiscal year, indicating a modest return on equity of 3.82%.

Shares of Spire Healthcare Group plc (LON:SPI - Get Free Report) shot up 13.4% on Friday . The stock traded as high as GBX 256.50 ($3.46) and last traded at GBX 245.50 ($3.31). 40,970,105 shares traded hands during mid-day trading, an increase of 2,397% from the average session volume of 1,640,628 shares. The stock had previously closed at GBX 216.50 ($2.92).

Wall Street Analysts Forecast Growth

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

Spire Healthcare Group Stock Performance

The stock has a market capitalization of £993.86 million, a P/E ratio of 5,369.57, a PEG ratio of 1.06 and a beta of 0.96. 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 company has a 50-day moving average price of GBX 218.75 and a two-hundred day moving average price of GBX 203.41.

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