Panmure Gordon Reiterates Buy Rating for Speedy Hire Plc (SDY)
Speedy Hire Plc (LON:SDY)‘s stock had its “buy” rating reaffirmed by investment analysts at Panmure Gordon in a note issued to investors on Friday, Stock Ratings Network.com reports. They currently have a GBX 74 ($1.16) price objective on the stock. Panmure Gordon’s price objective suggests a potential upside of 14.29% from the stock’s previous close.
Shares of Speedy Hire Plc (LON:SDY) opened at 64.25 on Friday. The stock has a 50-day moving average of GBX 59.10 and a 200-day moving average of GBX 53.83. The company’s market cap is £326.2 million.
SDY has been the subject of a number of other recent research reports. Analysts at Investec reiterated a “buy” rating on shares of Speedy Hire Plc (LON:SDY) in a research note to investors on Thursday, July 18th. They now have a GBX 65 ($1.02) price target on the stock. Analysts at RBC Capital initiated coverage on shares of Speedy Hire Plc (LON:SDY) in a research note to investors on Tuesday, July 2nd. They set an “outperform” rating and a GBX 70 ($1.09) price target on the stock.
One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Speedy Hire Plc currently has an average rating of “Buy” and a consensus target price of GBX 62.70 ($0.98).
Speedy Hire Plc is a holding company. The Company is engaged in the provision of equipment for hire and sale, and associated services to the construction, infrastructure, industrial and related industries.
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