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

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

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

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

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

In other news, insider David J. B. Shearer bought 100,000 shares of the business’s stock in a transaction on Wednesday, May 15th. The shares were bought at an average price of GBX 64 ($0.84) per share, with a total value of £64,000 ($83,627.34).

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, 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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