Insider Buying: Speedy Hire (LON:SDY) Insider Buys £70,000 in Stock

Speedy Hire Plc (LON:SDY) insider David Shearer purchased 250,000 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was bought at an average price of GBX 28 per share, for a total transaction of £70,000.

Speedy Hire Stock Performance

LON SDY opened at GBX 29 on Thursday. The company’s 50-day moving average price is GBX 26.92 and its 200-day moving average price is GBX 25.26. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48. The stock has a market cap of £133.55 million, a PE ratio of -12,083.33, a PEG ratio of 0.21 and a beta of 1.25. Speedy Hire Plc has a 12 month low of GBX 17.62 and a 12 month high of GBX 38.20.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their price target on shares of Speedy Hire from GBX 60 to GBX 79 and gave the stock a “buy” rating in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 74.50.

About Speedy Hire

Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom and Ireland. The company hires a range of tools and accessories, including access, lighting, lifting, rail, survey and safety, ATEX, plant, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment.