Peel Hunt Reaffirms Buy Rating for Speedy Hire (LON:SDY)

Peel Hunt reiterated their buy rating on shares of Speedy Hire (LON:SDY) in a research report report published on Thursday morning, ThisIsMoney.Co.Uk reports.

Separately, Liberum Capital restated a sell rating on shares of Pendragon in a research report on Thursday, June 27th.

LON:SDY opened at GBX 58.20 ($0.76) on Thursday. Speedy Hire has a 52 week low of GBX 53.40 ($0.70) and a 52 week high of GBX 66 ($0.86). The company has a debt-to-equity ratio of 47.92, a current ratio of 1.30 and a quick ratio of 1.17. The firm has a market cap of $305.75 million and a PE ratio of 13.86. The company’s 50-day simple moving average is GBX 62.28.

The company also recently disclosed a dividend, which will be paid on Friday, August 9th. Investors of record on Thursday, July 4th will be issued a GBX 1.40 ($0.02) dividend. This represents a yield of 2.22%. This is a boost from Speedy Hire’s previous dividend of $0.60. The ex-dividend date of this dividend is Thursday, July 4th. Speedy Hire’s payout ratio is presently 0.48%.

In other news, insider David J. B. Shearer acquired 100,000 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were bought at an average cost of GBX 64 ($0.84) per share, for a total transaction of £64,000 ($83,627.34).

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, Ireland, the United Arab Emirates, and internationally. The company hires a range of tools and accessories, including access, lighting, survey, lifting, rail, safety equipment and ATEX, plant, site and traffic management, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment.

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