Goldman Sachs Lowers Speedy Hire Plc Price Target to GBX 62 (SDY)
Investment analysts at Goldman Sachs reduced their price target on shares of Speedy Hire Plc (LON:SDY) from GBX 72 ($1.20) to GBX 62 ($1.04) in a note issued to investors on Monday, Stock Ratings News reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs’ target price would indicate a potential upside of 17.54% from the stock’s previous close.
Speedy Hire Plc (LON:SDY) traded down 5.80% on Monday, hitting GBX 52.75. 547,060 shares of the company’s stock traded hands. Speedy Hire Plc has a 1-year low of GBX 46.00 and a 1-year high of GBX 83.00. The stock has a 50-day moving average of GBX 68.77 and a 200-day moving average of GBX 65.04. The company’s market cap is £268.0 million.
A number of other firms have also recently commented on SDY. Analysts at RBC Capital raised their price target on shares of Speedy Hire Plc from GBX 51 ($0.85) to GBX 62 ($1.04) in a research note on Wednesday, March 19th. They now have a “neutral” rating on the stock. Separately, analysts at Liberum Capital downgraded shares of Speedy Hire Plc to a “hold” rating in a research note on Tuesday, March 18th. Finally, analysts at Investec reiterated a “buy” rating on shares of Speedy Hire Plc in a research note on Tuesday, March 18th. They now have a GBX 100 ($1.67) price target on the stock. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of GBX 76.25 ($1.28).
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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