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Speedy Hire ( (GB:SDY) ) has provided an update.
Speedy Hire Plc announced transactions involving the purchase of shares by its Chief Financial Officer, Paul Rayner, and his closely associated persons, Claire Rayner and Robert Rayner. These transactions, conducted on the London Stock Exchange, reflect a significant acquisition of company shares, which may indicate confidence in the company’s future performance and could impact stakeholder perceptions positively.
The most recent analyst rating on (GB:SDY) stock is a Buy with a £60.00 price target. To see the full list of analyst forecasts on Speedy Hire stock, see the GB:SDY Stock Forecast page.
Spark’s Take on GB:SDY Stock
According to Spark, TipRanks’ AI Analyst, GB:SDY is a Neutral.
The overall stock score reflects significant financial and technical challenges. The company’s profitability and cash flow issues, coupled with bearish technical indicators, weigh heavily on the score. While the high dividend yield offers some appeal, it is overshadowed by the broader financial risks.
To see Spark’s full report on GB:SDY stock, click here.
More about Speedy Hire
Speedy Hire Plc operates in the equipment rental industry, providing tools and equipment for hire to a diverse range of sectors including construction, infrastructure, and industrial markets. The company focuses on delivering efficient and reliable services to support the operational needs of its clients.
Average Trading Volume: 1,057,211
Technical Sentiment Signal: Strong Sell
Current Market Cap: £132.1M
Find detailed analytics on SDY stock on TipRanks’ Stock Analysis page.