Spire Healthcare Group (LON:SPI) Trading Up 14.5% - Time to Buy?

Key Points

• Spires Healthcare Group's stock price surged by 14.5% to GBX 248 ($3.36) following a significant increase in trading volume, with over 37 million shares exchanged, marking a rise of 2,206% from the average volume.
• Wall Street analysts maintain a consensus rating of "Buy" on Spire Healthcare, with a revised average price target of GBX 294.33, despite JPMorgan reducing their price objective to GBX 303.
• The company's recent quarterly earnings revealed an EPS of GBX 4.10, while analysts project future earnings per share to be approximately 15.66 for the current fiscal year.

Spire Healthcare Group plc (LON:SPI - Get Free Report)'s share price shot up 14.5% during mid-day trading on Friday . The company traded as high as GBX 249 ($3.37) and last traded at GBX 248 ($3.35). 37,369,863 shares traded hands during trading, an increase of 2,206% from the average session volume of 1,620,847 shares. The stock had previously closed at GBX 216.50 ($2.93).

Wall Street Analyst Weigh In

SPI has been the subject of a number of analyst reports. 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 issued a GBX 280 target price on shares of Spire Healthcare Group in a research report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Spire Healthcare Group currently has a consensus rating of "Buy" and an average target price of GBX 294.33.

Spire Healthcare Group Trading Up 3.2%

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 business has a fifty day simple moving average of GBX 218.99 and a 200 day simple moving average of GBX 203.96. The company has a market cap of £978.32 million, a price-to-earnings ratio of 5,285.65, a P/E/G ratio of 1.06 and a beta of 0.96.

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 (EPS) for the quarter. Spire Healthcare Group had a return on equity of 3.82% and a net margin of 1.96%. On average, equities analysts anticipate that Spire Healthcare Group plc will post 15.6634747 EPS 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.