Spire Healthcare Group (LON:SPI) Trading 14.1% Higher – Here’s Why

Spire Healthcare Group plc (LON:SPI)’s stock price traded up 14.1% during mid-day 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 changed hands during 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 Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and set a GBX 280 target price on shares of Spire Healthcare Group in a report on Thursday, July 31st. JPMorgan Chase & Co. cut their target price on shares of 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, the stock presently has a consensus rating of “Buy” and an average target price of GBX 294.33.

Spire Healthcare Group Stock Up 14.1%

The company has a current ratio of 0.70, a quick ratio of 0.74 and a debt-to-equity ratio of 62.25. The firm 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 stock has a fifty day moving average of GBX 218.75 and a 200-day moving average of GBX 203.55.

Spire Healthcare Group (LON:SPI) last issued its earnings results 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 expect 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.