Peel Hunt Reaffirms “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 morning. They currently have a GBX 60 ($0.78) price objective on the stock.
A number of other research analysts have also recently weighed in on the stock. Beaufort Securities reissued a hold rating on shares of Speedy Hire Plc in a research note on Wednesday, May 17th. N+1 Singer reissued a hold rating and set a GBX 56 ($0.73) price objective on shares of Speedy Hire Plc in a research note on Tuesday, May 16th. Panmure Gordon reissued a buy rating and set a GBX 70 ($0.91) price objective on shares of Speedy Hire Plc in a research note on Tuesday, May 16th. Finally, Liberum Capital raised their price objective on shares of Speedy Hire Plc from GBX 56 ($0.73) to GBX 62 ($0.80) and gave the stock a buy rating in a research note on Tuesday, May 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of GBX 62 ($0.80).
Speedy Hire Plc (LON SDY) opened at 54.62 on Wednesday. The firm’s market capitalization is GBX 283.74 million. The stock’s 50 day moving average price is GBX 55.75 and its 200 day moving average price is GBX 52.84. Speedy Hire Plc has a one year low of GBX 31.00 and a one year high of GBX 60.00.
The firm also recently disclosed a dividend, which will be paid on Friday, August 11th. Stockholders of record on Thursday, July 6th will be paid a dividend of GBX 0.67 ($0.01) per share. This represents a dividend yield of 1.21%. This is a boost from Speedy Hire Plc’s previous dividend of $0.33. The ex-dividend date of this dividend is Thursday, July 6th.
In other news, insider Rob Barclay bought 29,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were purchased at an average price of GBX 55 ($0.71) per share, for a total transaction of £15,950 ($20,660.62). Also, insider Chris Morgan bought 71,033 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were purchased at an average price of GBX 55 ($0.71) per share, for a total transaction of £39,068.15 ($50,606.41). Over the last three months, insiders have bought 150,033 shares of company stock valued at $8,301,815.
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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