Speedy Hire (LON:SDY) Insider Purchases £2,940 in Stock

Key Points

• Insider Shatish D. Dasani purchased 10,500 shares of Speedy Hire, totaling £2,940 at an average price of GBX 28 per share.
• Speedy Hire's shares rose by 18.8%, reaching GBX 28.70, with a trading volume significantly above its average.
• Analysts have given Speedy Hire a consensus rating of “Buy”, with a target price range of GBX 60 to GBX 65.

Speedy Hire Plc (LON:SDY - Get Free Report) insider Shatish D. Dasani bought 10,500 shares of Speedy Hire stock in a transaction on Monday, October 6th. The stock was acquired at an average price of GBX 28 per share, for a total transaction of £2,940.

Speedy Hire Trading Up 18.8%

Shares of SDY traded up GBX 4.53 during trading hours on Monday, reaching GBX 28.70. 4,484,545 shares of the company traded hands, compared to its average volume of 1,098,114. The stock's fifty day moving average price is GBX 27.03 and its 200 day moving average price is GBX 25.14. 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 firm has a market cap of £132.17 million, a price-to-earnings ratio of -11,958.33, a PEG ratio of 0.21 and a beta of 1.25. Speedy Hire Plc has a 12-month low of GBX 17.62 and a 12-month high of GBX 38.20.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 60 target price on shares of Speedy Hire in a research note on Thursday, September 4th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus 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.

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