Spire Healthcare Group (LON:SPI) Reaches New 1-Year High – Here’s What Happened

Spire Healthcare Group plc (LON:SPI) shares reached a new 52-week high during trading on Saturday . The stock traded as high as GBX 256.50 ($3.46) and last traded at GBX 247 ($3.33), with a volume of 9747062 shares trading hands. The stock had previously closed at GBX 216.50 ($2.92).

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SPI shares. JPMorgan Chase & Co. reduced their price target 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. Berenberg Bank reissued a “buy” rating and issued a GBX 280 price target on shares of Spire Healthcare Group in a report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Spire Healthcare Group has an average rating of “Buy” and a consensus price target of GBX 294.33.

Spire Healthcare Group Stock Performance

The firm has a fifty day moving average of GBX 218.75 and a 200-day moving average of GBX 203.55. The stock has a market capitalization of £993.86 million, a price-to-earnings ratio of 5,369.57, a PEG ratio of 1.06 and a beta of 0.96. 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) last issued its quarterly earnings data 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%. As a group, sell-side analysts anticipate that Spire Healthcare Group plc will post 15.6634747 EPS 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.