Speedy Hire Plc (SDY) Upgraded to Buy at Peel Hunt
Speedy Hire Plc (LON:SDY) was upgraded by equities research analysts at Peel Hunt to a “buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a GBX 50 ($0.62) price objective on the stock, up from their prior price objective of GBX 36 ($0.45). Peel Hunt’s target price indicates a potential upside of 18.34% from the company’s current price.
A number of other equities analysts have also commented on SDY. Liberum Capital restated a “buy” rating and issued a GBX 49 ($0.61) price objective on shares of Speedy Hire Plc in a research report on Monday, August 15th. N+1 Singer restated a “hold” rating and issued a GBX 35 ($0.44) price objective on shares of Speedy Hire Plc in a research report on Friday, September 30th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Speedy Hire Plc currently has an average rating of “Buy” and a consensus price target of GBX 46.50 ($0.58).
Speedy Hire Plc (LON:SDY) opened at 43.94 on Thursday. The firm has a 50-day moving average of GBX 37.73 and a 200 day moving average of GBX 36.36. Speedy Hire Plc has a 12 month low of GBX 29.50 and a 12 month high of GBX 43.94. The firm’s market capitalization is GBX 228.12 million.
The business also recently announced a dividend, which will be paid on Friday, January 27th. Shareholders of record on Thursday, December 15th will be given a dividend of GBX 0.33 ($0.00) per share. The ex-dividend date of this dividend is Thursday, December 15th. This represents a yield of 0.78%.
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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