Spire Healthcare Group (LON:SPI) Trading Up 13.4% - What's Next?

Key Points

• Spire Healthcare Group's stock surged 13.4% on Friday, with shares trading as high as GBX 256.50 before closing at GBX 245.50, indicating a significant increase in trading volume.
• Analysts have set a consensus price target of GBX 294.33 for Spire Healthcare, with Berenberg Bank maintaining a "buy" rating while JPMorgan Chase slightly adjusted their target price to GBX 303.
• The company reported an EPS of GBX 4.10 for the last quarter, with a return on equity of 3.82% and a net margin of 1.96% as equities analysts forecast higher EPS for the current fiscal year.

Spire Healthcare Group plc (LON:SPI - Get Free Report) rose 13.4% on Friday . The company traded as high as GBX 256.50 ($3.48) and last traded at GBX 245.50 ($3.33). Approximately 40,970,105 shares changed hands during mid-day trading, an increase of 2,397% from the average daily volume of 1,640,628 shares. The stock had previously closed at GBX 216.50 ($2.93).

Analysts Set New Price Targets

SPI has been the subject of several research analyst reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 280 target price on shares of Spire Healthcare Group in a research note on Thursday, July 31st. JPMorgan Chase & Co. reduced their target price 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 research analysts have rated the stock with a Buy rating, According to MarketBeat, Spire Healthcare Group currently has an average rating of "Buy" and a consensus price target of GBX 294.33.

Spire Healthcare Group Stock Up 13.4%

The business has a fifty day simple moving average of GBX 218.25 and a 200 day simple moving average of GBX 203.40. The firm has a market cap of £987.82 million, a price-to-earnings ratio of 5,336.96, 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 return on equity of 3.82% and a net margin of 1.96%. As a group, equities analysts forecast that Spire Healthcare Group plc will post 15.6634747 EPS for the current fiscal year.

Spire Healthcare Group Company Profile

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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