Spire Healthcare Group (SPI) Lifted to “Buy” at Berenberg Bank
Berenberg Bank upgraded shares of Spire Healthcare Group (LON:SPI) to a buy rating in a research note published on Wednesday, MarketBeat reports. They currently have GBX 310 ($4.15) price target on the stock, up from their prior price target of GBX 270 ($3.62).
A number of other brokerages have also issued reports on SPI. Liberum Capital reiterated a hold rating and set a GBX 270 ($3.62) price target on shares of Spire Healthcare Group in a research note on Tuesday, October 10th. Numis Securities reiterated an add rating and set a GBX 350 ($4.69) price target on shares of Spire Healthcare Group in a research note on Thursday, September 14th. Jefferies Group dropped their price target on shares of Spire Healthcare Group from GBX 350 ($4.69) to GBX 259 ($3.47) and set a hold rating on the stock in a research note on Monday, September 25th. Finally, J P Morgan Chase & Co dropped their price target on shares of Spire Healthcare Group from GBX 376 ($5.04) to GBX 339 ($4.54) and set a neutral rating on the stock in a research note on Friday, September 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. Spire Healthcare Group currently has an average rating of Hold and an average target price of GBX 309.86 ($4.15).
Spire Healthcare Group (LON SPI) traded down GBX 2.44 ($0.03) during midday trading on Wednesday, reaching GBX 244.26 ($3.27). 1,310,000 shares of the company’s stock were exchanged, compared to its average volume of 3,220,000. Spire Healthcare Group has a one year low of GBX 218.20 ($2.92) and a one year high of GBX 362.10 ($4.85).
The business also recently disclosed a dividend, which will be paid on Tuesday, December 12th. Investors of record on Thursday, November 16th will be issued a dividend of GBX 1.30 ($0.02) per share. This represents a yield of 0.5%. The ex-dividend date of this dividend is Thursday, November 16th.
In related news, insider Peter R. Bamford acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were purchased at an average price of GBX 240 ($3.21) per share, with a total value of £12,000 ($16,070.71). Also, insider Justin Ash acquired 89,100 shares of the firm’s stock in a transaction that occurred on Friday, September 29th. The shares were bought at an average cost of GBX 224 ($3.00) per share, for a total transaction of £199,584 ($267,288.07). In the last three months, insiders have purchased 178,600 shares of company stock worth $41,184,900.
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Spire Healthcare Group Company Profile
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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