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An announcement from Speedy Hire ( (GB:SDY) ) is now available.
Speedy Hire Plc has announced a transaction involving its Non-Executive Chairman, David Shearer, who has purchased 250,000 ordinary shares of the company on the London Stock Exchange. This transaction, valued at £69,954.47, 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 various sectors including construction, infrastructure, and industrial markets.
Average Trading Volume: 999,508
Technical Sentiment Signal: Strong Sell
Current Market Cap: £110.9M
See more data about SDY stock on TipRanks’ Stock Analysis page.