Canaccord Genuity Group Cuts Speedy Hire (LON:SDY) Price Target to GBX 53

Speedy Hire (LON:SDY) had its price objective decreased by equities researchers at Canaccord Genuity Group from GBX 63 to GBX 53 in a report released on Thursday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 230.22% from the company’s previous close.

Speedy Hire Stock Up 0.3%

Shares of SDY opened at GBX 16.05 on Thursday. The firm has a market cap of £74.00 million, a P/E ratio of -2.78, a P/E/G ratio of 0.21 and a beta of 0.70. The stock has a 50 day simple moving average of GBX 18.86 and a two-hundred day simple moving average of GBX 20.14. The company has a debt-to-equity ratio of 224.84, a current ratio of 0.85 and a quick ratio of 0.90. Speedy Hire has a 1 year low of GBX 14.60 and a 1 year high of GBX 30.45.

Speedy Hire (LON:SDY) last issued its quarterly earnings results on Wednesday, June 17th. The company reported GBX (1.71) EPS for the quarter. The business had revenue of £416.10 million for the quarter. Speedy Hire had a negative net margin of 6.39% and a negative return on equity of 19.68%. On average, analysts forecast that Speedy Hire will post 3.6102868 earnings per share for the current fiscal year.

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. It also sells access, lifting, survey, rail, and personal protective and safety equipment; various tools and equipment; and cutting, grinding, and sanding equipment, as well as site supplies.