Spire Healthcare Group (LON:SPI) Trading Up 13.8% - Here's Why

Key Points

• Spire Healthcare Group's share price increased by 13.8% during mid-day trading, reaching a peak of GBX 256.50 ($3.48) after previously closing at GBX 216.50 ($2.93).
• According to analysts, Spire Healthcare has an average rating of "Buy" with a consensus target price of GBX 294.33, despite a recent price objective cut by JPMorgan Chase & Co.
• The company reported earnings of GBX 4.10 per share, with a return on equity of 3.82% and a net margin of 1.96% for the last quarter.

Spire Healthcare Group plc (LON:SPI - Get Free Report) shares traded up 13.8% during trading on Friday . The stock traded as high as GBX 256.50 ($3.47) and last traded at GBX 246.43 ($3.33). 42,338,680 shares were traded during trading, an increase of 2,469% from the average session volume of 1,648,148 shares. The stock had previously closed at GBX 216.50 ($2.93).

Wall Street Analyst Weigh In

SPI has been the topic of several recent research reports. Berenberg Bank restated a "buy" rating and set a GBX 280 target price on shares of Spire Healthcare Group in a research report on Thursday, July 31st. JPMorgan Chase & Co. dropped their price objective on shares of Spire Healthcare Group from GBX 309 to GBX 303 and set an "overweight" rating on the stock in a research note on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Spire Healthcare Group presently has an average rating of "Buy" and a consensus price target of GBX 294.33.

Spire Healthcare Group Trading Down 4.7%

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 company's fifty day moving average is GBX 218.99 and its 200-day moving average is GBX 203.96. The stock has a market cap of £947.58 million, a PE ratio of 5,119.57, a PEG ratio of 1.06 and a beta of 0.96.

Spire Healthcare Group (LON:SPI - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported GBX 4.10 EPS for the quarter. Spire Healthcare Group had a net margin of 1.96% and a return on equity of 3.82%. On average, analysts predict 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.