Spire Healthcare Group (LON:SPI) Stock Price Up 14.1% - What's Next?

Key Points

• Spire Healthcare Group shares surged by 14.1% during trading, reaching a high of GBX 256.50 ($3.46) and closing at GBX 247 ($3.33), with trading volume increasing by 563% compared to the average.
• JPMorgan Chase & Co. has lowered the target price on Spire Healthcare from GBX 309 to GBX 303, while Berenberg Bank maintained a "buy" rating with a target of GBX 280.
• The company's recent earnings report showed an EPS of GBX 4.10, with analysts forecasting an average of 15.66 EPS for the current year.

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

Analysts Set New Price Targets

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

Spire Healthcare Group Price Performance

The company has a current ratio of 0.70, a quick ratio of 0.74 and a debt-to-equity ratio of 62.25. The stock has a market capitalization of £981.79 million, a price-to-earnings ratio of 5,304.35, a PEG ratio of 1.06 and a beta of 0.96. The stock has a 50-day moving average price of GBX 218.99 and a 200 day moving average price of 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 EPS for the quarter. Spire Healthcare Group had a return on equity of 3.82% and a net margin of 1.96%. As a group, equities research analysts expect 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.