Speedy Hire (SDY) Reaches New 12-Month High at $63.00

Speedy Hire Plc (LON:SDY) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 63 ($0.84) and last traded at GBX 61.20 ($0.82), with a volume of 828922 shares. The stock had previously closed at GBX 61.20 ($0.82).

Several research firms have recently weighed in on SDY. Beaufort Securities reaffirmed a “hold” rating on shares of Speedy Hire in a report on Wednesday, September 20th. N+1 Singer reaffirmed a “buy” rating and set a GBX 63 ($0.84) price objective on shares of Speedy Hire in a report on Tuesday, September 19th. Liberum Capital raised their price objective on shares of Speedy Hire from GBX 62 ($0.83) to GBX 71 ($0.95) and gave the stock a “buy” rating in a report on Tuesday, November 14th. Finally, Peel Hunt reaffirmed a “buy” rating and set a GBX 60 ($0.80) price objective on shares of Speedy Hire in a report on Tuesday, September 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of GBX 67.25 ($0.90).

The firm has a market cap of $322.06 and a price-to-earnings ratio of 3,060.00.

The business also recently declared a dividend, which will be paid on Friday, January 26th. Investors of record on Thursday, December 14th will be issued a GBX 0.50 ($0.01) dividend. This represents a dividend yield of 0.89%. The ex-dividend date of this dividend is Thursday, December 14th.

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Speedy Hire 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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