Liberum Capital Reiterates “Hold” Rating for Speedy Hire Plc (SDY)
Speedy Hire Plc (LON:SDY)‘s stock had its “hold” rating reaffirmed by analysts at Liberum Capital in a research report issued to clients and investors on Thursday. They currently have a GBX 60 ($1.02) price objective on the stock. Liberum Capital’s price target would suggest a potential upside of 12.68% from the company’s current price.
Shares of Speedy Hire Plc (LON:SDY) opened at 52.50 on Thursday. Speedy Hire Plc has a 52 week low of GBX 48.50 and a 52 week high of GBX 83.00. The stock has a 50-day moving average of GBX 55.83 and a 200-day moving average of GBX 61.62. The company’s market cap is £269.3 million.
The company also recently announced a dividend, which is scheduled for Wednesday, August 13th. Shareholders of record on Wednesday, June 11th will be paid a dividend of GBX 0.35 ($0.01) per share. This represents a dividend yield of 0.59%. The ex-dividend date is Wednesday, June 11th.
Several other analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald Europe upgraded shares of Speedy Hire Plc to a “hold” rating in a research note on Tuesday, May 27th. They now have a GBX 55 ($0.93) price target on the stock, up previously from GBX 51 ($0.87). Finally, analysts at Investec reiterated a “buy” rating on shares of Speedy Hire Plc in a research note on Tuesday, May 13th. They now have a GBX 100 ($1.70) price target on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Speedy Hire Plc has a consensus rating of “Hold” and an average target price of GBX 70 ($1.19).
Speedy Hire Plc is a provider of integrated equipment rental and support services. The Company provides these services to a range of clients across the infrastructure, industrial, construction and event markets both in the United Kingdom and internationally.
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