Panmure Gordon Reiterates “Buy” Rating for Speedy Hire Plc (SDY)
Speedy Hire Plc (LON:SDY)‘s stock had its “buy” rating reiterated by investment analysts at Panmure Gordon in a note issued to investors on Tuesday, AnalystRatingsNetwork.com reports. They currently have a GBX 88 ($1.45) target price on the stock. Panmure Gordon’s price objective would suggest a potential upside of 38.58% from the company’s current price.
Speedy Hire Plc (LON:SDY) traded down 1.16% on Tuesday, hitting GBX 63.75. The stock had a trading volume of 160,432 shares. Speedy Hire Plc has a 1-year low of GBX 38.40 and a 1-year high of GBX 71.75. The stock’s 50-day moving average is GBX 64.3 and its 200-day moving average is GBX 62.43. The company’s market cap is £323.8 million.
Several other analysts have also recently commented on the stock. Analysts at Liberum Capital reiterated a “buy” rating on shares of Speedy Hire Plc in a research note to investors on Tuesday, January 28th. Separately, analysts at Cantor Fitzgerald Europe raised their price target on shares of Speedy Hire Plc from GBX 45 ($0.74) to GBX 58 ($0.95) in a research note to investors on Monday, January 20th. They now have a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 67.75 ($1.11).
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.