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

Shares of Spire Healthcare Group plc (LON:SPI) were up 14.1% 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 research analysts have recently weighed in on SPI shares. Berenberg Bank restated a “buy” rating and issued a GBX 280 target price on shares of Spire Healthcare Group in a report on Thursday, July 31st. JPMorgan Chase & Co. dropped their target price on Spire Healthcare Group from GBX 309 to GBX 303 and set an “overweight” rating on the stock in a report on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Spire Healthcare Group currently has a consensus rating of “Buy” and a consensus price target of GBX 294.33.

Spire Healthcare Group Stock Up 14.1%

The stock has a fifty day moving average of GBX 218.75 and a 200 day moving average of GBX 203.55. The firm has a market capitalization of £993.86 million, a P/E ratio of 5,369.57, a price-to-earnings-growth 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 results on Thursday, July 31st. The company reported GBX 4.10 EPS for the quarter. Spire Healthcare Group had a return on equity of 3.82% and a net margin of 1.96%. On average, research analysts anticipate that Spire Healthcare Group plc will post 15.6634747 EPS for the current fiscal 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.