Spire Healthcare Group PLC (SPI) Price Target Lowered to GBX 339 at J P Morgan Chase & Co
Spire Healthcare Group PLC (LON:SPI) had its price target reduced by investment analysts at J P Morgan Chase & Co from GBX 376 ($4.86) to GBX 339 ($4.38) in a report issued on Friday, MarketBeat reports. The brokerage currently has a “neutral” rating on the stock. J P Morgan Chase & Co’s target price indicates a potential upside of 30.28% from the company’s current price.
A number of other research analysts have also weighed in on SPI. Numis Securities Ltd reissued an “add” rating and issued a GBX 350 ($4.52) price objective on shares of Spire Healthcare Group PLC in a report on Thursday. Liberum Capital reissued a “buy” rating and issued a GBX 400 ($5.17) price objective on shares of Spire Healthcare Group PLC in a report on Tuesday, June 13th. Jefferies Group LLC increased their price objective on Spire Healthcare Group PLC from GBX 305 ($3.94) to GBX 350 ($4.52) and gave the company a “hold” rating in a report on Thursday, June 1st. Berenberg Bank increased their price objective on Spire Healthcare Group PLC from GBX 360 ($4.65) to GBX 390 ($5.04) and gave the company a “buy” rating in a report on Wednesday, June 21st. Finally, Credit Suisse Group reissued an “underperform” rating on shares of Spire Healthcare Group PLC in a report on Friday, July 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Spire Healthcare Group PLC presently has an average rating of “Hold” and an average price target of GBX 347 ($4.48).
Shares of Spire Healthcare Group PLC (LON SPI) traded up 3.17% on Friday, reaching GBX 260.20. The company’s stock had a trading volume of 3,350,487 shares. The stock’s market cap is GBX 1.04 billion. The firm has a 50 day moving average price of GBX 327.79 and a 200-day moving average price of GBX 332.90. Spire Healthcare Group PLC has a 12-month low of GBX 228.48 and a 12-month high of GBX 411.00.
Spire Healthcare Group PLC (LON:SPI) last announced its quarterly earnings data on Thursday, September 14th. The company reported GBX 8.70 ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 8.60 ($0.11) by GBX 0.10 ($0.00). The business had revenue of £481 million for the quarter. Spire Healthcare Group PLC had a return on equity of 3.47% and a net margin of 3.92%. Equities research analysts expect that Spire Healthcare Group PLC will post $18.48 EPS for the current year.
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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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