Peel Hunt Reaffirms “Buy” Rating for Speedy Hire (LON:SDY)

Peel Hunt restated their buy rating on shares of Speedy Hire (LON:SDY) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports.

Separately, Liberum Capital lowered their price objective on shares of Speedy Hire from GBX 86 ($1.13) to GBX 72 ($0.95) and set a buy rating on the stock in a report on Monday.

SDY opened at GBX 46 ($0.61) on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.95 and a debt-to-equity ratio of 79.16. The company’s fifty day moving average price is GBX 70.88 and its two-hundred day moving average price is GBX 65.17. 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 9.79.

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.

Further Reading: What is the Current Ratio?

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