Beaufort Securities assumed coverage on shares of Speedy Hire Plc (LON:SDY) in a report released on Wednesday, ARN reports. The firm issued a hold rating on the stock.
Beaufort Securities has also modified their ratings on a number of other stocks in the few days. The firm downgraded shares of Vodafone to a hold rating. Also, Beaufort Securities downgraded shares of CRH PLC to a hold rating.
A number of other analysts have also recently weighed in on SDY. Analysts at Panmure Gordon raised their price target on shares of Speedy Hire Plc from GBX 73.60 ($1.18) to GBX 75 ($1.20) in a research note to investors on Tuesday. They now have a hold rating on the stock. Separately, analysts at Investec reiterated a buy rating on shares of Speedy Hire Plc in a research note to investors on Tuesday. They now have a GBX 100 ($1.60) price target on the stock. Finally, analysts at Investec raised their price target on shares of Speedy Hire Plc from GBX 85 ($1.36) to GBX 100 ($1.60) in a research note to investors on Wednesday, October 30th. They now have a buy rating on the stock. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of GBX 74.80 ($1.20).
Speedy Hire Plc (LON:SDY) opened at 66.66 on Wednesday. Speedy Hire Plc has a one year low of GBX 32.00 and a one year high of GBX 71.75. The stock has a 50-day moving average of GBX 65.88 and a 200-day moving average of GBX 59.84. The company’s market cap is £338.4 million.
The company also recently announced a dividend, which is scheduled for Friday, January 31st. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.26 per share. This represents a dividend yield of 0.38%. The ex-dividend date is Wednesday, January 8th.
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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