Peel Hunt Reiterates Buy Rating for Speedy Hire Plc (SDY)

Peel Hunt Reiterates Buy Rating for Speedy Hire Plc (SDY)

Speedy Hire Plc (LON:SDY)‘s stock had its “buy” rating reiterated by equities research analysts at Peel Hunt in a research note issued on Tuesday. They presently have a GBX 60 ($0.75) price target on the stock. Peel Hunt’s price objective would suggest a potential upside of 17.65% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Liberum Capital reiterated a “buy” rating and issued a GBX 49 ($0.61) target price on shares of Speedy Hire Plc in a research report on Monday, December 19th. Panmure Gordon restated a “buy” rating and set a GBX 70 ($0.87) price objective on shares of Speedy Hire Plc in a research report on Monday, December 19th. Finally, N+1 Singer restated a “hold” rating and set a GBX 35 ($0.44) price objective on shares of Speedy Hire Plc in a research report on Thursday, January 12th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Speedy Hire Plc currently has an average rating of “Buy” and an average target price of GBX 56.40 ($0.70).

Speedy Hire Plc (LON:SDY) opened at 52.00 on Tuesday. Speedy Hire Plc has a 52-week low of GBX 29.50 and a 52-week high of GBX 54.00. The stock has a 50 day moving average of GBX 52.04 and a 200-day moving average of GBX 41.08. The firm’s market cap is GBX 270.04 million.

The company also recently disclosed a dividend, which was paid on Friday, January 27th. Shareholders of record on Thursday, December 15th were paid a dividend of GBX 0.33 ($0.00) per share. This represents a yield of 0.78%. The ex-dividend date was Thursday, December 15th.

In other news, insider Chris Morgan acquired 117,751 shares of Speedy Hire Plc stock in a transaction on Wednesday, November 30th. The stock was bought at an average cost of GBX 43 ($0.54) per share, with a total value of £50,632.93 ($63,070.42). Also, insider Rob Barclay acquired 19,000 shares of Speedy Hire Plc stock in a transaction on Friday, January 20th. The shares were purchased at an average cost of GBX 52 ($0.65) per share, with a total value of £9,880 ($12,306.93). Insiders have acquired 236,751 shares of company stock valued at $10,731,293 over the last ninety days.

About Speedy Hire Plc

Speedy Hire Plc is a tools, equipment and plant hire services company. The Company’s segments include UK & Ireland Asset Services and International Asset Services. UK & Ireland Asset Services delivers asset management and focuses on relationship management. International Asset Services delivers overseas projects and facilities management contracts by providing a managed site support service.

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