Speedy Hire (LON:SDY) Earns Buy Rating from Canaccord Genuity Group

Speedy Hire (LON:SDY)‘s stock had its “buy” rating reissued by analysts at Canaccord Genuity Group in a report released on Thursday, Marketbeat Ratings reports. They presently have a GBX 60 price objective on the stock. Canaccord Genuity Group’s price target points to a potential upside of 145.90% from the stock’s current price.

Speedy Hire Price Performance

Shares of SDY opened at GBX 24.40 on Thursday. Speedy Hire has a 1 year low of GBX 17.62 and a 1 year high of GBX 38.20. 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 has a market capitalization of £112.36 million, a price-to-earnings ratio of -10,166.67, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. The business has a 50-day moving average of GBX 29.44 and a 200-day moving average of GBX 24.48.

Speedy Hire (LON:SDY) last issued its quarterly earnings data on Wednesday, June 18th. The company reported GBX 1.41 earnings per share (EPS) for the quarter. Speedy Hire had a return on equity of 1.51% and a net margin of 0.64%. As a group, equities research analysts anticipate that Speedy Hire will post 3.6102868 earnings per share for the current 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.