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Pin to quick picksSpire Healthcare Share News (SPI)

Share Price Information for Spire Healthcare (SPI)

London Stock Exchange
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Share Price: 237.00
Bid: 236.00
Ask: 237.00
Change: -4.00 (-1.66%)
Spread: 1.00 (0.424%)
Open: 240.00
High: 241.50
Low: 235.00
Prev. Close: 241.00
SPI Live PriceLast checked at -

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Spire Healthcare slumps on Berenberg double downgrade

Wed, 08th Aug 2018 10:08

(Sharecast News) - Spire Healthcare was under the cosh on Wednesday as Berenberg cut its stance on the company to 'sell' from 'buy' and slashed the price target to 120p from 290p following the profit warning on Monday.Berenberg said the warning means it now has even less certainty of a near-term improvement in Spire's fortunes since the visibility of NHS market factors that are affecting the company's growth has declined over the last six months and cost growth has been more rapid than expected."Given that guidance was reiterated 10 weeks ago, operations have clearly taken a marked turn for the worse, and the lack of new guidance indicates that management is currently unable to forecast its own business."Only when this is possible, and when we regain confidence that the five-year history of earnings downgrades is over, can we look further ahead to its 2022 targets, which themselves imply that Spire will have greater control over the market than we believe is possible."The bank cut its 2018 EBITDA estimate by 16% and its earnings per share forecast by 37%.It noted potential for intangible asset write-downs and a dividend cut and said speculation regarding the potential for Mediclinic to acquire the company helps to limit the downside, but Mediclinic's five-year low share price, and the negative reaction to its previous bid for Spire, adds risk to relying on that "get-out-of-jail-free card".Spire cautioned earlier in the week that it expected to report "materially lower" 2018 profits amid weakness in the NHS business and increased investments.At 1005 BST, the shares were down 5.5% to 179.40p.
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26 Jun 2020 17:19

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14 May 2020 12:46

Spire Healthcare Lenders Waive Covenant Tests As NHS Contract Helps

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11 May 2020 13:48

Monday broker round-up

(Sharecast News) - Diploma: Peel Hunt downgrades to hold with a target price of 1,650p.

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11 May 2020 09:33

UK BROKER RATINGS SUMMARY: Goldman Sachs Cuts Next To Neutral From Buy

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11 May 2020 08:20

RBC Capital downgrades Spire Healthcare on near-term uncertainties

(Sharecast News) - RBC Capital Markets downgraded its stance on shares of private hospital group Spire Healthcare to 'sector perform' from 'outperform' on Monday as it argued that near-term uncertainties remain.

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11 May 2020 08:04

LONDON BRIEFING: Shares Up As UK Starts To Creep Out Of Lockdown

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7 May 2020 16:26

UK Shareholder Meetings Calendar - Next 7 Days

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9 Apr 2020 18:13

Spire Healthcare Inks Covid-19 Support Pact With NHS Scotland

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6 Apr 2020 18:45

Spire Healthcare Signs Deal With Welsh NHS Allowing Use Of Hospitals

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6 Apr 2020 15:13

DIRECTOR DEALINGS SUMMARY: Spire Healthcare Non-Exec Spends GBP200,000

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1 Apr 2020 10:56

Spire agrees covenant waiver with lenders, pulls dividend

(Sharecast News) - Spire Healthcare has opted to pull dividend payments amid the Covid-19 outbreak, despite its lenders agreeing to waiver covenant testing.

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1 Apr 2020 09:52

Spire Healthcare Financially Solid But Decides To Pull Final Dividend

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23 Mar 2020 09:31

Spire Healthcare hands over hospitals to NHS, withdraws guidance

(Sharecast News) - Spire Healthcare said on Monday that it was withdrawing its 2020 guidance as it confirmed it will be making all of its hospitals available to the NHS to help during the coronavirus outbreak.

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22 Mar 2020 10:22

Spire Healthcare Agrees To Offer Hospitals To UK NHS During Crisis

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18 Mar 2020 11:21

Spire Healthcare Commits To Helping NHS During Coronavirus Outbreak

Spire Healthcare Commits To Helping NHS During Coronavirus Outbreak

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