Liberum Capital Trims Speedy Hire (LON:SDY) Target Price to GBX 72

Speedy Hire (LON:SDY) had its price target trimmed by Liberum Capital from GBX 86 ($1.13) to GBX 72 ($0.95) in a report issued on Monday, Stock Target Advisor reports. The firm currently has a buy rating on the stock.

Separately, Peel Hunt cut their price target on Speedy Hire from GBX 80 ($1.05) to GBX 70 ($0.92) and set a buy rating on the stock in a report on Wednesday, February 5th.

Shares of LON SDY opened at GBX 48.10 ($0.63) on Monday. The stock’s 50-day moving average is GBX 70.88 and its two-hundred day moving average is 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. Speedy Hire has a 1-year low of GBX 35.45 ($0.47) and a 1-year high of GBX 88 ($1.16). The company has a market cap of $248.61 million and a price-to-earnings ratio of 10.23.

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, 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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