Speedy Hire Plc (SDY) Rating Reiterated by Peel Hunt

Speedy Hire Plc (LON:SDY)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a research report issued to clients and investors on Tuesday, May 16th. They currently have a GBX 60 ($0.76) price target on the stock. Peel Hunt’s price objective points to a potential upside of 8.60% from the company’s current price.

Other research analysts also recently issued research reports about the company. Liberum Capital increased their price target on Speedy Hire Plc from GBX 56 ($0.71) to GBX 62 ($0.78) and gave the stock a “buy” rating in a research note on Tuesday, May 16th. N+1 Singer reaffirmed a “hold” rating and issued a GBX 56 ($0.71) price target on shares of Speedy Hire Plc in a report on Thursday, February 9th. Finally, Beaufort Securities reaffirmed a “hold” rating on shares of Speedy Hire Plc in a report on Wednesday, February 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of GBX 62 ($0.78).

Analyst Recommendations for Speedy Hire Plc (LON:SDY)

Shares of Speedy Hire Plc (LON:SDY) opened at 55.25 on Tuesday. The company’s market capitalization is GBX 286.99 million. The company has a 50 day moving average of GBX 55.33 and a 200-day moving average of GBX 52.23. Speedy Hire Plc has a 12-month low of GBX 29.50 and a 12-month high of GBX 60.00.

The business also recently declared a dividend, which will be paid on Friday, August 11th. Shareholders of record on Thursday, July 6th will be issued a dividend of GBX 0.67 ($0.01) per share. This represents a yield of 1.21%. The ex-dividend date of this dividend is Thursday, July 6th. This is a positive change from Speedy Hire Plc’s previous dividend of $0.33.

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In related news, insider David J. B. Shearer acquired 50,000 shares of the firm’s stock in a transaction on Monday, March 20th. The shares were acquired at an average cost of GBX 49 ($0.62) per share, for a total transaction of £24,500 ($30,993.04). Also, insider Rob Barclay purchased 29,000 shares of Speedy Hire Plc stock in a transaction dated Thursday, June 15th. The stock was acquired at an average price of GBX 55 ($0.70) per share, for a total transaction of £15,950 ($20,177.10). Insiders have acquired 150,033 shares of company stock valued at $7,951,815 in the last three months.

Speedy Hire Plc Company Profile

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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