Speedy Hire (LON:SDY) Insider David Shearer Buys 250,000 Shares of Stock

Speedy Hire Plc (LON:SDY) insider David Shearer purchased 250,000 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was purchased at an average price of GBX 28 per share, with a total value of £70,000.

Speedy Hire Trading Up 18.8%

Shares of SDY stock opened at GBX 28.70 on Tuesday. Speedy Hire Plc has a fifty-two week low of GBX 17.62 and a fifty-two week high of GBX 38.20. The stock has a market cap of £132.17 million, a P/E ratio of -11,958.33, a P/E/G ratio of 0.21 and a beta of 1.25. The business has a fifty day simple moving average of GBX 26.99 and a 200-day simple moving average of GBX 25.20. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 115.48.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 60 price target on shares of Speedy Hire in a research report on Thursday, September 4th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Speedy Hire currently has an average rating of “Buy” and a consensus price target of GBX 65.

About Speedy Hire

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.