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

Speedy Hire (LON:SDY)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a research note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 79 target price on the stock. Canaccord Genuity Group’s target price points to a potential upside of 173.36% from the stock’s current price.

Speedy Hire Stock Performance

Shares of SDY stock opened at GBX 28.90 on Thursday. Speedy Hire has a 1-year low of GBX 17.62 and a 1-year high of GBX 33.70. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48. The company has a market capitalization of £133.09 million, a price-to-earnings ratio of -120.42, a P/E/G ratio of 0.21 and a beta of 1.25. The stock’s fifty day simple moving average is GBX 26.50 and its 200-day simple moving average is GBX 27.11.

Speedy Hire (LON:SDY) last announced its quarterly earnings data on Wednesday, November 26th. The company reported GBX (1.28) earnings per share (EPS) for the quarter. Speedy Hire had a return on equity of 1.51% and a net margin of 0.64%. On average, sell-side analysts predict that Speedy Hire will post 3.6102868 earnings per share for the current fiscal year.

Insider Activity at Speedy Hire

In related news, insider David J. B. Shearer acquired 250,000 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were purchased at an average cost of GBX 28 per share, with a total value of £70,000. Also, insider Paul A. Rayner acquired 5,000 shares of the company’s stock in a transaction on Tuesday, October 7th. The stock was bought at an average price of GBX 29 per share, for a total transaction of £1,450. In the last three months, insiders have acquired 550,500 shares of company stock valued at $15,704,000. 2.38% of the stock is owned by company insiders.

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.