Speedy Hire Plc (SDY) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Speedy Hire Plc (LON:SDY) have received a consensus rating of “Buy” from the six brokerages that are covering the stock. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 56.40 ($0.70).

A number of brokerages have recently weighed in on SDY. Liberum Capital reaffirmed a “buy” rating and set a GBX 49 ($0.61) target price on shares of Speedy Hire Plc in a research note on Monday, December 19th. Peel Hunt lifted their target price on shares of Speedy Hire Plc from GBX 50 ($0.62) to GBX 60 ($0.74) and gave the company a “buy” rating in a research note on Tuesday, January 24th. Panmure Gordon reaffirmed a “buy” rating and set a GBX 70 ($0.86) target price on shares of Speedy Hire Plc in a research note on Monday, December 19th. N+1 Singer reaffirmed a “hold” rating and set a GBX 35 ($0.43) target price on shares of Speedy Hire Plc in a research note on Thursday, January 12th. Finally, Beaufort Securities reaffirmed a “hold” rating on shares of Speedy Hire Plc in a research note on Wednesday, February 8th.

Shares of Speedy Hire Plc (LON:SDY) opened at 50.25 on Thursday. The stock’s market cap is GBX 260.95 million. The firm has a 50-day moving average of GBX 50.95 and a 200 day moving average of GBX 45.05. Speedy Hire Plc has a 1-year low of GBX 29.50 and a 1-year high of GBX 54.24.

In other Speedy Hire Plc news, insider Bob (Robert) Contreras acquired 40,000 shares of the company’s stock in a transaction that occurred on Thursday, February 2nd. The shares were acquired at an average price of GBX 52 ($0.64) per share, with a total value of £20,800 ($25,688.53). Also, insider Russell Down acquired 141,035 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were acquired at an average cost of GBX 48 ($0.59) per share, for a total transaction of £67,696.80 ($83,607.26). Insiders have purchased 200,035 shares of company stock worth $9,837,680 in the last three months.

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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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