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 currently covering the company. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 56.40 ($0.70).

SDY has been the topic of several recent analyst reports. Liberum Capital reissued a “buy” rating and issued a GBX 49 ($0.61) target price on shares of Speedy Hire Plc in a research note on Monday, December 5th. Panmure Gordon reissued a “buy” rating and issued a GBX 70 ($0.86) target price on shares of Speedy Hire Plc in a research note on Monday, December 19th. Peel Hunt reissued a “buy” rating and issued a GBX 50 ($0.62) target price on shares of Speedy Hire Plc in a research note on Monday, December 19th. N+1 Singer reissued a “hold” rating and issued a GBX 35 ($0.43) target price on shares of Speedy Hire Plc in a research note on Thursday, January 12th. Finally, Beaufort Securities reissued a “hold” rating on shares of Speedy Hire Plc in a research note on Wednesday, February 8th.

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Speedy Hire Plc (LON:SDY) opened at 50.25 on Thursday. 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 one year low of GBX 29.50 and a one year high of GBX 54.24. The stock’s market capitalization is GBX 260.95 million.

In related news, insider Bob (Robert) Contreras purchased 40,000 shares of Speedy Hire Plc stock in a transaction that occurred on Thursday, February 2nd. The shares were bought 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 purchased 141,035 shares of Speedy Hire Plc stock in a transaction that occurred on Monday, March 6th. The stock was bought at an average cost of GBX 48 ($0.59) per share, for a total transaction of £67,696.80 ($83,607.26). Insiders purchased a total of 200,035 shares of company stock worth $9,837,680 in the last ninety days.

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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