Spire Healthcare Group (LON:SPI) Stock Price Up 14.1% – Still a Buy?

Spire Healthcare Group plc (LON:SPI)’s stock price traded up 14.1% during trading on Saturday . The stock traded as high as GBX 256.50 ($3.46) and last traded at GBX 247 ($3.33). 9,747,062 shares changed 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).

Wall Street Analyst Weigh In

SPI has been the subject of a number of recent research reports. 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 report on Tuesday, August 5th. Berenberg Bank reiterated a “buy” rating and set a GBX 280 target price on shares of Spire Healthcare Group in a research note on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 294.33.

Spire Healthcare Group Stock Performance

The stock has a 50 day simple moving average of GBX 218.75 and a two-hundred day simple moving average of GBX 203.55. The company has a market cap of £993.86 million, a PE ratio of 5,369.57, a PEG ratio of 1.06 and a beta of 0.96. 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 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%. Equities analysts predict 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.