Spire Healthcare Group (LON:SPI) Stock Price Up 14.1% – Here’s What Happened

Spire Healthcare Group plc (LON:SPI) shares rose 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). Approximately 9,747,062 shares traded hands during mid-day trading, an increase of 563% from the average daily volume of 1,469,073 shares. The stock had previously closed at GBX 216.50 ($2.92).

Analyst Ratings Changes

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective 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 reiterated a “buy” rating and set a GBX 280 price target on shares of Spire Healthcare Group in a report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Spire Healthcare Group 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 market cap of £993.86 million, a P/E ratio of 5,369.57, a PEG ratio of 1.06 and a beta of 0.96. The stock’s 50-day moving average price is GBX 218.75 and its 200-day moving average price is GBX 203.55. The company has a current ratio of 0.70, a quick ratio of 0.74 and a debt-to-equity ratio of 62.25.

Spire Healthcare Group (LON:SPI) last released 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 net margin of 1.96% and a return on equity of 3.82%. As a group, research analysts forecast that Spire Healthcare Group plc will post 15.6634747 EPS 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.