Spire Healthcare Group (LON:SPI) Trading Up 14.1% - Here's Why

Key Points

• Spire Healthcare Group's stock surged by 14.1%, reaching a trading high of GBX 256.50 ($3.46), significantly outperforming its average daily trading volume.
• Analysts have a consensus buy rating for the stock, with target prices ranging from GBX 280 from Berenberg Bank to GBX 294.33 on average, suggesting potential for further gains.
• The company posted earnings of GBX 4.10 per share in its latest quarterly results, with expectations of around £15.66 earnings per share for the current fiscal year.

Spire Healthcare Group plc (LON:SPI - Get Free Report)'s share price shot up 14.1% during trading on Saturday . The company traded as high as GBX 256.50 ($3.46) and last traded at GBX 247 ($3.33). 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 ($2.92).

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SPI. JPMorgan Chase & Co. decreased their price objective on Spire Healthcare Group from GBX 309 to GBX 303 and set an "overweight" rating for the company in a research note on Tuesday, August 5th. Berenberg Bank reissued a "buy" rating and issued a GBX 280 target price on shares of Spire Healthcare Group in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of GBX 294.33.

Spire Healthcare Group Trading Down 4.7%

The company has a market capitalization of £947.58 million, a P/E ratio of 5,119.57, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The business has a fifty day moving average price of GBX 218.75 and a 200 day moving average price of GBX 203.55. The company has a quick ratio of 0.74, a current ratio of 0.70 and a debt-to-equity ratio of 62.25.

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