Spire Healthcare Group PLC’s (SPI) Equal weight Rating Reiterated at Morgan Stanley
Spire Healthcare Group PLC (LON:SPI)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Morgan Stanley in a research report issued to clients and investors on Monday. They currently have a GBX 350 ($4.32) price target on the stock. Morgan Stanley’s price objective points to a potential upside of 4.95% from the company’s current price.
Other analysts have also recently issued reports about the stock. Numis Securities Ltd reissued an “add” rating and set a GBX 360 ($4.45) target price on shares of Spire Healthcare Group PLC in a report on Thursday, January 12th. Liberum Capital reissued a “buy” rating and set a GBX 400 ($4.94) target price on shares of Spire Healthcare Group PLC in a report on Thursday, March 2nd. Berenberg Bank reissued a “buy” rating and set a GBX 360 ($4.45) target price on shares of Spire Healthcare Group PLC in a report on Thursday, February 9th. Jefferies Group LLC dropped their target price on shares of Spire Healthcare Group PLC from GBX 335 ($4.14) to GBX 305 ($3.77) and set a “hold” rating on the stock in a report on Thursday, December 15th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Spire Healthcare Group PLC from GBX 433 ($5.35) to GBX 376 ($4.64) and set a “neutral” rating on the stock in a report on Friday, March 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 356.80 ($4.41).
Shares of Spire Healthcare Group PLC (LON:SPI) traded up 0.72% during mid-day trading on Monday, hitting GBX 333.50. 659,527 shares of the company traded hands. The firm’s market cap is GBX 1.34 billion. Spire Healthcare Group PLC has a 52-week low of GBX 295.00 and a 52-week high of GBX 411.00. The firm has a 50-day moving average price of GBX 327.01 and a 200 day moving average price of GBX 350.89.
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The company also recently disclosed a dividend, which will be paid on Tuesday, June 27th. Investors of record on Thursday, June 1st will be issued a GBX 2.50 ($0.03) dividend. This represents a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, June 1st. This is a boost from Spire Healthcare Group PLC’s previous dividend of $1.30.
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About Spire Healthcare Group PLC
Spire Healthcare Group plc is a United Kingdom-based independent hospital group. The Company provides in-patient, daycase and out-patient care from approximately 40 hospitals, 10 clinics and over two specialist care centers across the United Kingdom. The Company also owns and operates a sports medicine, physiotherapy and rehabilitation brand, Perform, and a screening service, Lifescan, as well as national pathology services.
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