Spire Healthcare Group (LON:SPI) Trading Up 14.1% – Time to Buy?

Spire Healthcare Group plc (LON:SPI)’s stock price was up 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 were traded during 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).

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SPI shares. Berenberg Bank reiterated 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. decreased their price objective 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 research analysts have rated the stock with a Buy rating, According to MarketBeat, Spire Healthcare Group has a consensus rating of “Buy” and a consensus target price of GBX 294.33.

Spire Healthcare Group Stock Up 14.1%

The stock has a market cap 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 company has a quick ratio of 0.74, a current ratio of 0.70 and a debt-to-equity ratio of 62.25. The stock has a fifty day moving average of GBX 218.75 and a two-hundred 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 for the quarter. Spire Healthcare Group had a return on equity of 3.82% and a net margin of 1.96%. As a group, analysts predict that Spire Healthcare Group plc will post 15.6634747 EPS for the current fiscal 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.