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

Spire Healthcare Group plc (LON:SPI) was up 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 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 Upgrades and Downgrades

Several equities research analysts have weighed in on SPI shares. Berenberg Bank reissued a “buy” rating and issued a GBX 280 price target on shares of Spire Healthcare Group in a report on Thursday, July 31st. JPMorgan Chase & Co. lowered their price target 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. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Spire Healthcare Group has an average rating of “Buy” and a consensus price target of GBX 294.33.

Spire Healthcare Group Price Performance

The company has a market capitalization of £993.86 million, a price-to-earnings ratio of 5,369.57, a P/E/G ratio of 1.06 and a beta of 0.96. The stock has a fifty day simple moving average of GBX 218.75 and a 200-day simple moving average of GBX 203.55. 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 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 return on equity of 3.82% and a net margin of 1.96%. On average, equities research analysts anticipate 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.