Spire Healthcare Group (LON:SPI) Trading 14.1% Higher - Here's What Happened

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 were up 14.1% during trading on Saturday . The stock traded as high as GBX 256.50 ($3.46) and last traded at GBX 247 ($3.33). Approximately 9,747,062 shares were traded 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 ($2.92).

Wall Street Analyst Weigh In

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

Spire Healthcare Group Stock Up 14.1%

The stock's fifty day simple moving average is GBX 218.75 and its 200-day simple moving average is GBX 203.56. The stock has a market cap of £993.86 million, a P/E ratio of 5,369.57, a PEG 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 quarterly earnings data 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, 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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