Investec reissued their buy rating on shares of Speedy Hire Plc (LON:SDY) in a research report sent to investors on Friday morning, American Banking & Market News reports.
Investec has also updated their ratings on a number of other stocks in the last week. The firm reiterated its buy rating on shares of Rio Tinto. Also, Investec reiterated its buy rating on shares of Barclays.
A number of other analysts have also recently weighed in on SDY. Analysts at Liberum Capital initiated coverage on shares of Speedy Hire Plc in a research note to investors on Thursday, November 21st. They set a buy rating and a GBX 88 ($1.44) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. cut their price target on shares of Speedy Hire Plc from GBX 75 ($1.23) to GBX 74 ($1.21) in a research note to investors on Wednesday, November 13th. They now have a neutral rating on the stock. Finally, analysts at Beaufort Securities initiated coverage on shares of Speedy Hire Plc in a research note to investors on Wednesday, November 13th. They set a hold rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. Speedy Hire Plc presently has an average rating of Buy and a consensus target price of GBX 65.75 ($1.08).
Shares of Speedy Hire Plc (LON:SDY) opened at 50.50 on Friday. Speedy Hire Plc has a 1-year low of GBX 34.188 and a 1-year high of GBX 71.75. The stock has a 50-day moving average of GBX 65.32 and a 200-day moving average of GBX 61.06. The company’s market cap is £256.5 million.
The company also recently announced a dividend, which is scheduled for Friday, January 31st. Investors 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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