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

Key Points

• Spire Healthcare Group's stock surged 14.1% on Saturday, reaching a high of GBX 256.50 and seeing a significant increase in trading volume, up 563% from its average.
• Analysts maintain a predominantly "Buy" rating for the stock, with Berenberg Bank setting a price target of GBX 280, while the consensus price target is GBX 294.33.
• Spire Healthcare has a market capitalization of £993.86 million and reported an EPS of GBX 4.10 for the last quarter, alongside a low return on equity of 3.82% and a net margin of 1.96%.

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

Analyst Ratings Changes

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

Spire Healthcare Group Price Performance

The company has a debt-to-equity ratio of 62.25, a current ratio of 0.70 and a quick ratio of 0.74. The stock has a market cap of £981.79 million, a PE ratio of 5,304.35, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The stock's fifty day moving average is GBX 218.99 and its 200-day moving average is GBX 203.96.

Spire Healthcare Group (LON:SPI - Get Free Report) last posted its 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%. As a group, equities analysts anticipate that Spire Healthcare Group plc will post 15.6634747 EPS for the current year.

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.