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

Speedy Hire (LON:SDY) had its price target decreased by Canaccord Genuity Group from GBX 63 to GBX 53 in a research note issued to investors on Thursday,Digital Look reports. Canaccord Genuity Group currently has a buy rating on the stock.

Speedy Hire Stock Performance

Shares of LON SDY opened at GBX 15.32 on Thursday. The company has a market cap of £70.63 million, a P/E ratio of -2.66, a P/E/G ratio of 0.21 and a beta of 0.70. Speedy Hire has a 52-week low of GBX 14.60 and a 52-week high of GBX 30.45. The company has a debt-to-equity ratio of 224.84, a quick ratio of 0.90 and a current ratio of 0.85. The firm’s fifty day moving average is GBX 18.68 and its two-hundred day moving average is GBX 20.04.

Speedy Hire (LON:SDY) last released its quarterly earnings data on Wednesday, June 17th. The company reported GBX (1.71) EPS for the quarter. The company 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%. As a group, analysts anticipate that Speedy Hire will post 3.6102868 EPS for the current fiscal year.

Speedy Hire Company Profile

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.