Spire Healthcare Group (LON:SPI) Trading Up 14.1% – Should You Buy?

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

Analysts Set New Price Targets

SPI has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Spire Healthcare Group from GBX 309 to GBX 303 and set an “overweight” rating on the stock in a research report on Tuesday, August 5th. Berenberg Bank restated 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, the company presently has an average rating of “Buy” and an average target price of GBX 294.33.

Spire Healthcare Group Price Performance

The stock’s 50-day moving average is GBX 218.75 and its 200-day moving average is GBX 203.55. The firm has a market cap 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 quick ratio of 0.74, a current ratio of 0.70 and a debt-to-equity ratio of 62.25.

Spire Healthcare Group (LON:SPI) last announced its quarterly earnings results 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, equities 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.