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

Peel Hunt restated their buy rating on shares of Speedy Hire Plc (LON:SDY) in a research note issued to investors on Wednesday, July 12th. Peel Hunt currently has a GBX 60 ($0.78) price target on the stock.

Other equities research analysts also recently issued reports about the stock. Panmure Gordon restated a buy rating and set a GBX 70 ($0.91) price target on shares of Speedy Hire Plc in a report on Tuesday, May 16th. Liberum Capital boosted their price target on shares of Speedy Hire Plc from GBX 56 ($0.73) to GBX 62 ($0.81) and gave the stock a buy rating in a report on Tuesday, May 16th. Beaufort Securities restated a hold rating on shares of Speedy Hire Plc in a report on Wednesday, May 17th. Finally, N+1 Singer reiterated a hold rating and issued a GBX 56 ($0.73) target price on shares of Speedy Hire Plc in a research note on Tuesday, May 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of GBX 62 ($0.81).

Shares of Speedy Hire Plc (SDY) traded down 0.45% during mid-day trading on Wednesday, hitting GBX 54.75. The stock had a trading volume of 707 shares. The stock’s market cap is GBX 284.39 million. Speedy Hire Plc has a one year low of GBX 31.00 and a one year high of GBX 60.00. The firm has a 50 day moving average of GBX 55.78 and a 200 day moving average of GBX 53.15.

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

In other news, insider Rob Barclay acquired 29,000 shares of Speedy Hire Plc stock in a transaction on Thursday, June 15th. The stock was acquired at an average cost of GBX 55 ($0.72) per share, for a total transaction of £15,950 ($20,827.89). Also, insider David N. C. Garman acquired 50,000 shares of Speedy Hire Plc stock in a transaction on Thursday, July 13th. The shares were purchased at an average price of GBX 56 ($0.73) per share, with a total value of £28,000 ($36,563.07). In the last three months, insiders acquired 150,033 shares of company stock valued at $8,301,815.

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.

Analyst Recommendations for Speedy Hire Plc (LON:SDY)

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