Speedy Hire (LON:SDY) Stock Rating Reaffirmed by Berenberg Bank

Speedy Hire (LON:SDYGet Rating)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. They presently have a GBX 52 ($0.61) price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 30.00% from the stock’s previous close.

Speedy Hire Trading Up 2.3 %

LON:SDY opened at GBX 40 ($0.47) on Wednesday. Speedy Hire has a 52 week low of GBX 35.50 ($0.42) and a 52 week high of GBX 71.90 ($0.84). The firm has a 50 day moving average of GBX 38.82 and a 200 day moving average of GBX 43.01. The company has a quick ratio of 0.85, a current ratio of 0.97 and a debt-to-equity ratio of 64.80. The stock has a market capitalization of £194.67 million and a price-to-earnings ratio of 1,000.00.

Insider Activity at Speedy Hire

In other news, insider David J. B. Shearer bought 102,500 shares of the firm’s stock in a transaction that occurred on Wednesday, November 16th. The stock was bought at an average price of GBX 41 ($0.48) per share, with a total value of £42,025 ($49,383.08). In related news, insider David N. C. Garman purchased 250,000 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were acquired at an average price of GBX 43 ($0.51) per share, for a total transaction of £107,500 ($126,321.97). Also, insider David J. B. Shearer purchased 102,500 shares of the business’s stock in a transaction on Wednesday, November 16th. The shares were bought at an average price of GBX 41 ($0.48) per share, for a total transaction of £42,025 ($49,383.08). Insiders bought 392,500 shares of company stock valued at $16,552,500 over the last 90 days.

Speedy Hire Company Profile

(Get Rating)

Speedy Hire Plc, together with its subsidiaries, provides tools, equipment, and plant hire services to the construction, infrastructure, and industrial markets in the United Kingdom and Ireland. The company hires a range of tools and accessories, including access, lighting, lifting, rail, survey and safety, ATEX, plant, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment.

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