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

Key Points

• Spire Healthcare Group's shares rose by 14.1% during mid-day trading, reaching a high of GBX 256.50 ($3.48), significantly up from its previous close of GBX 216.50 ($2.93).
• Analysts maintain a strong outlook for Spire Healthcare Group, with Berenberg Bank restating a "buy" rating and a price target of GBX 280, while three analysts rated the stock with a "Buy" rating.
• The company recently reported earnings of GBX 4.10 per share with a net margin of 1.96% and projects an expected EPS of approximately 15.66 for the current year.

Spire Healthcare Group plc (LON:SPI - Get Free Report)'s share price was up 14.1% during trading on Friday . The company traded as high as GBX 256.50 ($3.47) and last traded at GBX 247 ($3.34). Approximately 9,747,062 shares were traded during mid-day 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).

Analyst Upgrades and Downgrades

Several analysts recently commented on SPI shares. Berenberg Bank reiterated a "buy" rating and issued a GBX 280 price target on shares of Spire Healthcare Group in a research report on Thursday, July 31st. JPMorgan Chase & Co. reduced their target price on shares of 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 investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of GBX 294.33.

Spire Healthcare Group Stock Performance

The company has a market capitalization of £947.58 million, a PE ratio of 5,119.57, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The stock's fifty day simple moving average is GBX 218.99 and its 200-day simple moving average is GBX 203.96. The company has a debt-to-equity ratio of 62.25, a quick ratio of 0.74 and a current ratio of 0.70.

Spire Healthcare Group (LON:SPI - Get Free Report) last released its earnings results 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%. As a group, equities analysts predict 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.