Spire Healthcare Group (LON:SPI) Shares Up 14.1% – Time to Buy?

Shares of Spire Healthcare Group plc (LON:SPI) shot up 14.1% during trading on Saturday . The company traded as high as GBX 256.50 ($3.46) and last traded at GBX 247 ($3.33). 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 ($2.92).

Analyst Ratings Changes

A number of brokerages have commented on SPI. Berenberg Bank restated a “buy” rating and issued a GBX 280 target price on shares of Spire Healthcare Group in a research note on Thursday, July 31st. JPMorgan Chase & Co. decreased their target price on Spire Healthcare Group from GBX 309 to GBX 303 and set an “overweight” rating for the company in a research note on Tuesday, August 5th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 294.33.

Spire Healthcare Group Stock Performance

The company has a quick ratio of 0.74, a current ratio of 0.70 and a debt-to-equity ratio of 62.25. The company has a 50-day moving average price of GBX 218.75 and a 200-day moving average price of GBX 203.55. The firm has a market capitalization of £993.86 million, a price-to-earnings 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 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, equities research analysts forecast that Spire Healthcare Group plc will post 15.6634747 earnings per share for the current year.

Spire Healthcare Group Company Profile

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.