Is Speedy Hire Plc a Buy? The Stock Rises Again

 Is Speedy Hire Plc a Buy? The Stock Rises Again

The stock of Speedy Hire Plc (LON:SDY) is a huge mover today! The stock increased 2.89% or GBX 1.24 on November 23, hitting GBX 44.24. About 832,990 shares traded hands or 42.49% up from the average. Speedy Hire Plc (LON:SDY) has risen 18.62% since April 26, 2016 and is uptrending. It has outperformed by 13.29% the S&P500.
The move comes after 9 months positive chart setup for the GBX 229.29 million company. It was reported on Nov, 23 by Barchart.com. We have GBX 46.45 PT which if reached, will make LON:SDY worth GBX 11.46 million more.

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 -0.16% below today’s (GBX 44.24) stock price. Speedy Hire PLC has been the topic of 27 analyst reports since September 28, 2015 according to StockzIntelligence Inc. The rating was maintained by Peel Hunt with “Reduce” on Wednesday, May 25. The firm has “Buy” rating given on Friday, September 30 by Liberum Capital. The firm has “Reduce” rating by Peel Hunt given on Monday, January 25. On Thursday, March 31 the stock rating was reinitiated by Panmure Gordon with “Buy”. On Monday, September 28 the stock rating was downgraded by Investec to “Hold”. The rating was maintained by Peel Hunt with “Hold” on Friday, September 30. The rating was maintained by Liberum Capital with “Buy” on Friday, August 26. N+1 Singer maintained it with “Hold” rating and GBX 35 target price in Friday, September 30 report. The firm has “Hold” rating by Investec given on Tuesday, November 10. The rating was maintained by Liberum Capital on Tuesday, May 17 with “Buy”.

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 229.29 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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