Spire Healthcare Group (LON:SPI) Trading Up 14.1% - Time to Buy?

Key Points

• Spire Healthcare Group's stock surged by 14.1% on Saturday, reaching a peak of GBX 256.50 ($3.46) with a notable trading volume increase of 563% from the average.
• Analysts have set a mixed outlook, with Berenberg Bank maintaining a "buy" rating and a target price of GBX 280, while JPMorgan Chase adjusted their target down to GBX 303.
• The company's recent earnings report revealed a £993.86 million market capitalization, with earnings per share of GBX 4.10 and an average analyst projection of approximately 15.66 earnings per share for the current fiscal year.

Shares of Spire Healthcare Group plc (LON:SPI - Get Free Report) shot up 14.1% during mid-day trading 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 changed hands 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).

Analysts Set New Price Targets

SPI has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Spire Healthcare Group from GBX 309 to GBX 303 and set an "overweight" rating for the company in a research report on Tuesday, August 5th. Berenberg Bank restated 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of GBX 294.33.

Spire Healthcare Group Stock Performance

The firm has a market capitalization of £985.81 million, a PE ratio of 5,326.09, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The firm has a 50-day moving average price of GBX 218.99 and a 200 day moving average price of GBX 203.96. The company has a quick ratio of 0.74, a current ratio of 0.70 and a debt-to-equity ratio of 62.25.

Spire Healthcare Group (LON:SPI - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported GBX 4.10 earnings per share (EPS) for the quarter. Spire Healthcare Group had a return on equity of 3.82% and a net margin of 1.96%. Research analysts expect 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.