Spire Healthcare Group (LON:SPI) Trading 13.8% Higher - Still a Buy?

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)'s share price shot up 13.8% during mid-day trading on Friday . The stock traded as high as GBX 256.50 ($3.48) and last traded at GBX 246.43 ($3.34). 42,338,680 shares traded hands during mid-day 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

A number of research firms have recently issued reports on SPI. JPMorgan Chase & Co. cut their price objective on 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. Berenberg Bank reaffirmed a "buy" rating and set a GBX 280 target price on shares of Spire Healthcare Group in a report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of GBX 294.33.

Spire Healthcare Group Trading Up 14.1%

The firm has a fifty day moving average price of GBX 218.25 and a 200-day moving average price of GBX 203.40. The company has a market capitalization of £993.86 million, a P/E ratio of 5,369.57, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The company has a debt-to-equity ratio of 62.25, a current ratio of 0.70 and a quick ratio of 0.74.

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 (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 research analysts anticipate that Spire Healthcare Group plc will post 15.6634747 earnings per share 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.

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