Spire Healthcare Group (LON:SPI) Trading Up 13.4% – Should You Buy?

Spire Healthcare Group plc (LON:SPI)’s stock price traded up 13.4% during trading on Friday . The company traded as high as GBX 256.50 ($3.46) and last traded at GBX 245.50 ($3.31). 40,970,105 shares traded hands during mid-day trading, an increase of 2,397% from the average session volume of 1,640,628 shares. The stock had previously closed at GBX 216.50 ($2.92).

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of 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 reaffirmed a “buy” rating and set a GBX 280 target price on shares of Spire Healthcare Group in a report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 294.33.

Spire Healthcare Group Stock Up 14.1%

The company has a 50 day simple moving average of GBX 218.75 and a two-hundred day simple moving average of GBX 203.41. 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 firm has a market capitalization of £993.86 million, a P/E ratio of 5,369.57, a P/E/G ratio of 1.06 and a beta of 0.96.

Spire Healthcare Group (LON:SPI) last issued its quarterly earnings results on Thursday, July 31st. The company reported GBX 4.10 earnings per share for the quarter. Spire Healthcare Group had a return on equity of 3.82% and a net margin of 1.96%. On average, equities analysts predict that Spire Healthcare Group plc will post 15.6634747 EPS for the current fiscal 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.