Insider Buying: Speedy Hire (LON:SDY) Insider Acquires 71,500 Shares of Stock

Key Points

• Insider Transaction: Speedy Hire's insider Paul Rayner acquired 71,500 shares at an average price of GBX 29, totaling £20,735 on October 7th.
• Current Stock Performance: Speedy Hire's stock is trading at GBX 28.70 with a 12-month range of GBX 17.62 to GBX 38.20, and a market capitalization of £132.17 million.
• Analyst Ratings: Canaccord Genuity restated a "buy" rating for Speedy Hire with a price target of GBX 60, while the average target price from analysts is GBX 65.

Speedy Hire Plc (LON:SDY - Get Free Report) insider Paul Rayner acquired 71,500 shares of the business's stock in a transaction dated Tuesday, October 7th. The shares were bought at an average price of GBX 29 per share, for a total transaction of £20,735.

Speedy Hire Stock Performance

Speedy Hire stock opened at GBX 28.70 on Tuesday. Speedy Hire Plc has a 12 month low of GBX 17.62 and a 12 month high of GBX 38.20. The firm has a market cap of £132.17 million, a PE ratio of -11,958.33, a P/E/G ratio of 0.21 and a beta of 1.25. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48. The stock's 50 day simple moving average is GBX 26.99 and its two-hundred day simple moving average is GBX 25.20.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 60 price objective on shares of Speedy Hire in a report on Thursday, September 4th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Speedy Hire currently has an average rating of "Buy" and an average target price of GBX 65.

Speedy Hire Company Profile

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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