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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.