Analysts Set Spire Healthcare Group Plc (SPI) Price Target at $311.50

Spire Healthcare Group Plc (LON:SPI) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 311.50 ($4.19).

A number of research firms have commented on SPI. Jefferies Group decreased their target price on shares of Spire Healthcare Group from GBX 350 ($4.71) to GBX 259 ($3.49) and set a “hold” rating on the stock in a research note on Monday, September 25th. Liberum Capital decreased their target price on shares of Spire Healthcare Group from GBX 365 ($4.91) to GBX 350 ($4.71) and set a “hold” rating on the stock in a research note on Thursday, August 31st. Berenberg Bank restated a “hold” rating and set a GBX 270 ($3.63) target price on shares of Spire Healthcare Group in a research note on Thursday, September 21st. Numis Securities restated an “add” rating and set a GBX 350 ($4.71) target price on shares of Spire Healthcare Group in a research note on Thursday, September 14th. Finally, J P Morgan Chase & Co decreased their target price on shares of Spire Healthcare Group from GBX 376 ($5.06) to GBX 339 ($4.56) and set a “neutral” rating on the stock in a research note on Friday, September 15th.

Shares of Spire Healthcare Group (LON:SPI) traded up GBX 4.10 ($0.06) during trading hours on Thursday, hitting GBX 245.60 ($3.31). 1,299,664 shares of the stock traded hands, compared to its average volume of 2,300,000. Spire Healthcare Group has a 52-week low of GBX 218.20 ($2.94) and a 52-week high of GBX 362.10 ($4.87).

Spire Healthcare Group (LON:SPI) last released its earnings results on Thursday, September 14th. The company reported GBX 8.70 ($0.12) EPS for the quarter, topping analysts’ consensus estimates of GBX 8.60 ($0.12) by GBX 0.10 ($0.00). Spire Healthcare Group had a net margin of 1.85% and a return on equity of 1.71%. The company had revenue of £481 million for the quarter.

The firm also recently announced a dividend, which will be paid on Tuesday, December 12th. Investors of record on Thursday, November 16th will be issued a GBX 1.30 ($0.02) dividend. This represents a dividend yield of 0.5%. The ex-dividend date is Thursday, November 16th.

In other news, insider Peter R. Bamford acquired 5,000 shares of the company’s stock in a transaction on Monday, November 27th. The stock was bought at an average cost of GBX 240 ($3.23) per share, with a total value of £12,000 ($16,150.74). Also, insider Justin Ash acquired 89,100 shares of the company’s stock in a transaction on Friday, September 29th. The shares were purchased at an average cost of GBX 224 ($3.01) per share, with a total value of £199,584 ($268,619.11). Over the last three months, insiders purchased 178,600 shares of company stock valued at $41,184,900.

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About Spire Healthcare Group

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.

Analyst Recommendations for Spire Healthcare Group (LON:SPI)

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