Is Buying Speedy Hire Plc Here a Winning Strategy?

 Is Buying Speedy Hire Plc Here a Winning Strategy?

The stock of Speedy Hire Plc (LON:SDY) hit a new 52-week high and has GBX 118.58 target or 179.00% above today’s GBX 42.50 share price. The 7 months bullish chart indicates low risk for the GBX 222.47M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the GBX 118.58 price target is reached, the company will be worth GBX 398.22M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.59% or GBX 0.25 on November 17, hitting GBX 42.5. About 2.95 million shares traded hands or 729.40% up from the average. Speedy Hire Plc (LON:SDY) has risen 16.44% since April 21, 2016 and is uptrending. It has outperformed by 11.81% the S&P500.

Speedy Hire Plc (LON:SDY) Ratings Coverage

Out of 6 analysts covering Speedy Hire PLC (LON:SDY), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. GBX 70 is the highest target while GBX 30 is the lowest. The GBX 44.17 average target is 3.93% above today’s (GBX 42.5) stock price. Speedy Hire PLC has been the topic of 27 analyst reports since September 28, 2015 according to StockzIntelligence Inc. Liberum Capital maintained it with “Buy” rating and GBX 49 target price in Friday, August 26 report. The firm has “Hold” rating given on Wednesday, October 5 by N+1 Singer. The firm has “Buy” rating by Liberum Capital given on Monday, August 15. The stock of Speedy Hire Plc (LON:SDY) has “Buy” rating given on Wednesday, August 31 by Liberum Capital. The firm has “Buy” rating given on Tuesday, May 17 by Liberum Capital. The rating was downgraded by Investec on Monday, September 28 to “Hold”. The firm has “Hold” rating given on Tuesday, November 10 by Investec. On Wednesday, July 13 the stock rating was maintained by Panmure Gordon with “Buy”. The rating was maintained by Peel Hunt with “Reduce” on Tuesday, May 10. The stock has “Reduce” rating given by Peel Hunt on Tuesday, May 17.

Another recent and important Speedy Hire Plc (LON:SDY) news was published by Fool.Co.Uk which published an article titled: “Why Is Speedy Hire Plc Crashing Today?” on July 01, 2015.

Speedy Hire Plc is a tools, equipment and plant hire services company. The company has a market cap of 222.47 million GBP. The Company’s divisions include UK & Ireland Asset Services and International Asset Services. It currently has negative earnings. UK & Ireland Asset Services delivers asset management and focuses on relationship management.

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