Spire Healthcare Group (LON:SPI) Trading Up 14.1% - Still a Buy?

Key Points

• Spire Healthcare Group shares surged 14.1% during trading, reaching a high of GBX 256.50 ($3.46) before closing at GBX 247 ($3.33), with trading volume increasing by 563% compared to the average.
• Analyst ratings show a mix of opinions: JPMorgan Chase & Co. reduced its target price from GBX 309 to GBX 303, while Berenberg Bank maintains a "buy" rating with a target price of GBX 280.
• The company reported a quarterly earnings per share (EPS) of GBX 4.10 and has an expected EPS of approximately 15.66 for the current fiscal year, with a market cap of £993.86 million.

Spire Healthcare Group plc (LON:SPI - Get Free Report)'s stock price traded up 14.1% on Saturday . The stock traded as high as GBX 256.50 ($3.47) and last traded at GBX 247 ($3.34). 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 ($2.93).

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SPI shares. Berenberg Bank reiterated a "buy" rating and set a GBX 280 price target on shares of Spire Healthcare Group in a report on Thursday, July 31st. JPMorgan Chase & Co. reduced their price target 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. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock 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 market capitalization of £947.58 million, a price-to-earnings ratio of 5,119.57, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The business has a fifty day moving average price of GBX 218.99 and a 200 day moving average price of GBX 203.96. 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 issued its quarterly 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%. On average, equities analysts expect that Spire Healthcare Group plc will post 15.6634747 EPS 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.