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

Key Points

• Spire Healthcare Group's stock surged 14.1% on Friday, reaching a trading high of GBX 256.50 ($3.48) and a last recorded price of GBX 247 ($3.35).
• Analysts maintain a consensus "Buy" rating for Spire Healthcare, with a price target averaging around GBX 294.33.
• The company's latest quarterly earnings reported an EPS of GBX 4.10, alongside a net margin of 1.96% and a return on equity of 3.82%.

Spire Healthcare Group plc (LON:SPI - Get Free Report) shot up 14.1% during trading on Friday . The company traded as high as GBX 256.50 ($3.48) and last traded at GBX 247 ($3.35). 9,747,062 shares traded hands during mid-day 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

A number of research firms have commented on SPI. JPMorgan Chase & Co. decreased their target price on shares of Spire Healthcare Group from GBX 309 to GBX 303 and set an "overweight" rating on the stock in a research report on Tuesday, August 5th. Berenberg Bank reissued a "buy" rating and set a GBX 280 price target on shares of Spire Healthcare Group in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Spire Healthcare Group 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 market capitalization of £993.86 million, a PE ratio of 5,369.57, a price-to-earnings-growth 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. The company's 50 day simple moving average is GBX 218.25 and its 200 day simple moving average is GBX 203.40.

Spire Healthcare Group (LON:SPI - Get Free Report) last announced its quarterly 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, sell-side 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.

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