Speedy Hire Plc (LON:SDY) has been given a consensus rating of “Buy” by the six ratings firms that are currently covering the firm. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 56.40 ($0.70).

A number of research firms recently issued reports on SDY. N+1 Singer restated a “hold” rating and set a GBX 35 ($0.44) target price on shares of Speedy Hire Plc in a research report on Thursday, January 12th. Peel Hunt restated a “buy” rating and set a GBX 50 ($0.62) target price on shares of Speedy Hire Plc in a research report on Monday, December 19th. Beaufort Securities restated a “hold” rating on shares of Speedy Hire Plc in a research report on Wednesday, February 8th. Liberum Capital restated a “buy” rating and set a GBX 49 ($0.61) target price on shares of Speedy Hire Plc in a research report on Monday, December 19th. Finally, Panmure Gordon restated a “buy” rating and set a GBX 70 ($0.87) target price on shares of Speedy Hire Plc in a research report on Monday, December 19th.

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Speedy Hire Plc (LON:SDY) opened at 53.25 on Tuesday. The stock’s 50 day moving average is GBX 51.77 and its 200-day moving average is GBX 42.93. The firm’s market capitalization is GBX 276.53 million. Speedy Hire Plc has a 52-week low of GBX 29.50 and a 52-week high of GBX 54.24.

In other news, insider Chris Morgan acquired 117,751 shares of the firm’s stock in a transaction on Wednesday, November 30th. The stock was acquired at an average price of GBX 43 ($0.54) per share, for a total transaction of £50,632.93 ($63,275.34). Also, insider Bob (Robert) Contreras acquired 40,000 shares of the firm’s stock in a transaction on Thursday, February 2nd. The stock was purchased at an average price of GBX 52 ($0.65) per share, with a total value of £20,800 ($25,993.50). In the last quarter, insiders acquired 196,751 shares of company stock valued at $8,931,293.

About Speedy Hire Plc

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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