Speedy Hire (LON:SDY) Insider Paul Rayner Buys 5,000 Shares of Stock

Speedy Hire Plc (LON:SDY) insider Paul Rayner bought 5,000 shares of the stock in a transaction on Tuesday, October 7th. The shares were bought at an average cost of GBX 29 per share, with a total value of £1,450.

Speedy Hire Trading Up 1.0%

Shares of SDY stock opened at GBX 29 on Wednesday. The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90. The firm has a market cap of £133.55 million, a PE ratio of -12,083.33, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. The company has a 50-day moving average of GBX 26.96 and a two-hundred day moving average of GBX 25.23. Speedy Hire Plc has a 1-year low of GBX 17.62 and a 1-year high of GBX 38.20.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group increased their target price on shares of Speedy Hire from GBX 60 to GBX 79 and gave the stock a “buy” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of GBX 74.50.

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.