Spire Healthcare Group (LON:SPI) Announces Quarterly Earnings Results

Spire Healthcare Group (LON:SPI) released its quarterly earnings results on Wednesday. The company reported GBX (0.50) earnings per share for the quarter, Digital Look Earnings reports. Spire Healthcare Group had a net margin of 1.04% and a return on equity of 2.22%.

Spire Healthcare Group Stock Performance

LON:SPI traded up GBX 1 during mid-day trading on Wednesday, hitting GBX 246.50. 28,379,076 shares of the stock were exchanged, compared to its average volume of 5,545,009. The firm’s 50-day simple moving average is GBX 237.57 and its 200 day simple moving average is GBX 207.17. The stock has a market capitalization of £987.47 million, a price-to-earnings ratio of 61.62, a price-to-earnings-growth ratio of 1.06 and a beta of 0.93. Spire Healthcare Group has a fifty-two week low of GBX 140.80 and a fifty-two week high of GBX 251.50. The company has a debt-to-equity ratio of 177.14, a quick ratio of 0.73 and a current ratio of 0.63.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada downgraded shares of Spire Healthcare Group to a “sector perform” rating and decreased their target price for the company from GBX 300 to GBX 250 in a research report on Monday, September 7th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 247.50.

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. The company also provides eye surgery and treatments, family planning, gastroenterology, general medicine, general surgery, haematology, hand surgery, hip and knee treatment, and heart and kidney treatments.