David J. B. Shearer Buys 150,000 Shares of Speedy Hire Plc (LON:SDY) Stock

Speedy Hire Plc (LON:SDY) insider David J. B. Shearer purchased 150,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was purchased at an average price of GBX 28 ($0.35) per share, for a total transaction of £42,000 ($52,796.98).

Speedy Hire Trading Up 1.4 %

Shares of LON SDY opened at GBX 28.75 ($0.36) on Wednesday. Speedy Hire Plc has a fifty-two week low of GBX 22.50 ($0.28) and a fifty-two week high of GBX 41 ($0.52). The firm has a market capitalization of £132.78 million, a P/E ratio of 2,870.00, a P/E/G ratio of 0.21 and a beta of 1.25. The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90. The company’s 50 day simple moving average is GBX 34.04 and its 200 day simple moving average is GBX 34.31.

Speedy Hire Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 5th will be given a GBX 0.80 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, December 5th. This represents a dividend yield of 2.76%. Speedy Hire’s dividend payout ratio is currently 30,000.00%.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 70 ($0.88) target price on shares of Speedy Hire in a research report on Thursday, November 21st.

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