Speedy Hire Plc Stock Rating Upgraded by Liberum Capital (SDY)
Speedy Hire Plc (LON:SDY) was upgraded by Liberum Capital to a “buy” rating in a research note issued on Tuesday. The firm currently has a GBX 79 ($1.31) price objective on the stock, up from their previous price objective of GBX 60 ($1.00). Liberum Capital’s price objective suggests a potential upside of 18.80% from the stock’s previous close.
A number of other firms have also recently commented on SDY. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Speedy Hire Plc in a research note on Monday, August 11th. They now have a GBX 67 ($1.11) price target on the stock. Finally, analysts at Investec reiterated a “buy” rating on shares of Speedy Hire Plc in a research note on Wednesday, July 16th. They now have a GBX 100 ($1.66) price target on the stock. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 70.83 ($1.18).
Speedy Hire Plc (LON:SDY) traded up 0.75% during mid-day trading on Tuesday, hitting GBX 67.00. 439,866 shares of the company’s stock traded hands. Speedy Hire Plc has a 52 week low of GBX 48.50 and a 52 week high of GBX 83.00. The stock’s 50-day moving average is GBX 56.7 and its 200-day moving average is GBX 59.10. The company’s market cap is £343.7 million.
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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