Speedy Hire Plc (LON:SDY) Earns Buy Rating from Liberum Capital
SDY has been the subject of a number of other reports. Panmure Gordon restated 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. Beaufort Securities restated a hold rating on shares of Speedy Hire Plc in a research note on Wednesday, May 17th. Peel Hunt restated a buy rating and set a GBX 60 ($0.78) price objective on shares of Speedy Hire Plc in a research note on Wednesday, July 12th. Finally, N+1 Singer restated 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of GBX 62 ($0.81).
Shares of Speedy Hire Plc (SDY) opened at 54.625 on Wednesday. Speedy Hire Plc has a 52-week low of GBX 31.00 and a 52-week high of GBX 60.00. The company’s market capitalization is GBX 283.74 million. The stock’s 50 day moving average is GBX 55.75 and its 200 day moving average is GBX 52.84.
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The company also recently disclosed a dividend, which will be paid on Friday, August 11th. Shareholders of record on Thursday, July 6th will be paid a dividend of GBX 0.67 ($0.01) per share. This is a positive change from Speedy Hire Plc’s previous dividend of $0.33. This represents a yield of 1.21%. The ex-dividend date is Thursday, July 6th.
In other news, insider Chris Morgan acquired 71,033 shares of Speedy Hire Plc stock in a transaction on Wednesday, June 14th. The stock was acquired at an average cost of GBX 55 ($0.72) per share, for a total transaction of £39,068.15 ($51,016.13). Also, insider David N. C. Garman acquired 50,000 shares of Speedy Hire Plc stock in a transaction on Thursday, July 13th. The shares were purchased at an average price of GBX 56 ($0.73) per share, with a total value of £28,000 ($36,563.07). Over the last 90 days, insiders have acquired 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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