Spire Healthcare Group (LON:SPI) Trading Up 14.5% – Here’s What Happened

Spire Healthcare Group plc (LON:SPI) shares were up 14.5% on Friday . The stock traded as high as GBX 249 ($3.35) and last traded at GBX 248 ($3.34). Approximately 37,369,863 shares were traded during mid-day trading, an increase of 2,206% from the average daily volume of 1,620,847 shares. The stock had previously closed at GBX 216.50 ($2.92).

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SPI shares. Berenberg Bank restated a “buy” rating and issued a GBX 280 target price on shares of Spire Healthcare Group in a report 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 report on Tuesday, August 5th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 294.33.

Spire Healthcare Group Trading Up 14.1%

The company has a market capitalization of £993.86 million, a price-to-earnings ratio of 5,369.57, a price-to-earnings-growth ratio of 1.06 and a beta of 0.96. The business has a fifty day moving average price of GBX 218.75 and a 200 day moving average price of GBX 203.41. 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) last issued its quarterly earnings results 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 analysts expect 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.