Speedy Hire (LON:SDY) Price Target Raised to GBX 79 at Canaccord Genuity Group

Speedy Hire (LON:SDY) had its price target raised by Canaccord Genuity Group from GBX 60 to GBX 79 in a research note published on Tuesday, Marketbeat reports. Canaccord Genuity Group currently has a buy rating on the stock.

Speedy Hire Stock Performance

Shares of SDY stock opened at GBX 29 on Tuesday. The firm has a market cap of £133.55 million, a price-to-earnings ratio of -12,083.33, a PEG ratio of 0.21 and a beta of 1.25. The company’s 50 day moving average is GBX 26.96 and its 200 day moving average is GBX 25.23. The company has a quick ratio of 0.90, a current ratio of 0.94 and a debt-to-equity ratio of 115.48. Speedy Hire has a 52-week low of GBX 17.62 and a 52-week high of GBX 38.20.

Insider Activity at Speedy Hire

In other Speedy Hire news, insider Paul A. Rayner acquired 71,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The shares were bought at an average cost of GBX 29 per share, with a total value of £20,735. Also, insider Shatish D. Dasani acquired 10,500 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The shares were acquired at an average cost of GBX 28 per share, for a total transaction of £2,940. Insiders have acquired a total of 350,500 shares of company stock valued at $9,904,000 over the last ninety days. 2.25% of the stock is owned by company insiders.

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.