Speedy Hire Plc Given New GBX 85 Price Target at Investec (SDY)
Equities researchers at Investec raised their price objective on shares of Speedy Hire Plc (LON:SDY) from GBX 65 ($1.04) to GBX 85 ($1.36) in a research report issued on Thursday, ARN reports. The firm currently has a “buy” rating on the stock. Investec’s price target would indicate a potential upside of 28.86% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Speedy Hire Plc from GBX 57 ($0.91) to GBX 80 ($1.28) in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Speedy Hire Plc in a research note to investors on Friday, September 13th. They now have a GBX 74 ($1.18) price target on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 72.80 ($1.16).
Shares of Speedy Hire Plc (LON:SDY) traded down 2.99% during mid-day trading on Thursday, hitting GBX 65.9641. The stock had a trading volume of 3,467,587 shares. Speedy Hire Plc has a 52-week low of GBX 29.25 and a 52-week high of GBX 71.75. The stock has a 50-day moving average of GBX 60.08 and a 200-day moving average of GBX 54.71. The company’s market cap is £334.9 million.
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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