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

Key Points

• Paul Rayner, an insider at Speedy Hire Plc, purchased 5,000 shares at an average price of GBX 29 per share, amounting to a total investment of £1,450.
• Canaccord Genuity raised its price target for Speedy Hire from GBX 60 to GBX 79 and reiterated a "buy" rating, while the stock currently has a consensus "Buy" rating.
• Speedy Hire has a market capitalization of £133.55 million and trades significantly above its 52-week low of GBX 17.62, with a high of GBX 38.20.

Speedy Hire Plc (LON:SDY - Get Free Report) insider Paul Rayner bought 5,000 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was bought at an average cost of GBX 29 per share, for a total transaction of £1,450.

Speedy Hire Price Performance

SDY traded up GBX 0.30 on Tuesday, reaching GBX 29. The company had a trading volume of 1,554,453 shares, compared to its average volume of 1,100,747. The business has a 50 day simple moving average of GBX 26.99 and a 200 day simple moving average of GBX 25.20. The company has a market cap of £133.55 million, a price-to-earnings ratio of -12,083.33, a P/E/G ratio of 0.21 and a beta of 1.25. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94. Speedy Hire Plc has a 52-week low of GBX 17.62 and a 52-week high of GBX 38.20.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lifted their price target 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average 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.

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