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

Key Points

• Spire Healthcare Group's shares surged by 14.1%, closing at GBX 247 ($3.33), with trading volume increasing significantly to nearly 9.75 million shares.
• Analysts are generally positive on Spire Healthcare Group, with a consensus rating of "Buy" and a target price of GBX 294.33, following recent ratings from Berenberg Bank and JPMorgan Chase.
• The company reported earnings of GBX 4.10 per share for the last quarter, with expectations for earnings per share of approximately 15.66 in the current year.

Spire Healthcare Group plc (LON:SPI - Get Free Report)'s share price traded up 14.1% during trading on Friday . The stock traded as high as GBX 256.50 ($3.46) and last traded at GBX 247 ($3.33). 9,747,062 shares were traded during trading, an increase of 563% from the average session volume of 1,469,073 shares. The stock had previously closed at GBX 216.50 ($2.92).

Analyst Ratings Changes

Several equities analysts have commented on the company. Berenberg Bank reissued a "buy" rating and set a GBX 280 price objective on shares of Spire Healthcare Group in a research report on Thursday, July 31st. JPMorgan Chase & Co. cut their price target on Spire Healthcare Group from GBX 309 to GBX 303 and set an "overweight" rating for the company in a research note on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 294.33.

Spire Healthcare Group Price Performance

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 stock has a 50 day moving average price of GBX 218.75 and a 200-day moving average price of GBX 203.56. The stock has a market capitalization of £993.86 million, a price-to-earnings ratio of 5,369.57, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96.

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