Liberum Capital Trims Speedy Hire (LON:SDY) Target Price to GBX 72
Speedy Hire (LON:SDY) had its price objective lowered by Liberum Capital from GBX 86 ($1.13) to GBX 72 ($0.95) in a report released on Monday morning, Stock Target Advisor reports. Liberum Capital currently has a buy rating on the stock.
Separately, Peel Hunt decreased their price objective on shares of Speedy Hire from GBX 80 ($1.05) to GBX 70 ($0.92) and set a buy rating for the company in a report on Wednesday, February 5th.
Speedy Hire stock opened at GBX 48.60 ($0.64) on Monday. The firm has a 50 day simple moving average of GBX 70.88 and a 200-day simple moving average of GBX 65.17. The company has a debt-to-equity ratio of 79.16, a current ratio of 1.03 and a quick ratio of 0.95. The stock has a market capitalization of $218.05 million and a PE ratio of 10.34. Speedy Hire has a 12-month low of GBX 35.45 ($0.47) and a 12-month high of GBX 88 ($1.16).
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, Ireland, the United Arab Emirates, and internationally. The company hires a range of tools and accessories, including access, lighting, survey, lifting, rail, safety equipment and ATEX, plant, site and traffic management, communications, and pipework and engineering equipment; compressors, generators, and pumps; and heating, ventilation, and cooling equipment.
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