28 April 2010 – broker upgrade

Brokers Panmure Gordon have raised the price target on the company’s shares to 50p from 41p ahead of the announcement of full year results on May 19.  Shares in other rental/hire groups such as Lavendon and Aggreko have risen in recent weeks and Speedy Hire has been left behind somewhat.  We also remain buyers of the stock and re-iterate our recommendation of BUY.