Spire Healthcare Group (LON:SPI) Shares Up 13.4% - Here's What Happened

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) shares rose 13.4% on Friday . The company traded as high as GBX 256.50 ($3.47) and last traded at GBX 245.50 ($3.32). Approximately 40,970,105 shares traded 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).

Wall Street Analyst Weigh In

SPI has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price target on Spire Healthcare Group from GBX 309 to GBX 303 and set an "overweight" rating on the stock in a research note 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.com, Spire Healthcare Group has an average rating of "Buy" and an average price target of GBX 294.33.

Spire Healthcare Group Price Performance

The stock has a market capitalization of £981.79 million, a price-to-earnings ratio of 5,304.35, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The company has a current ratio of 0.70, a quick ratio of 0.74 and a debt-to-equity ratio of 62.25. The stock has a 50-day simple moving average of GBX 218.99 and a 200 day simple moving average of GBX 203.96.

Spire Healthcare Group (LON:SPI - Get Free Report) last announced 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%. On average, equities research 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.