Speedy Hire (LON:SDY) Receives “Buy” Rating from Canaccord Genuity Group

Speedy Hire (LON:SDY)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity Group in a research report issued on Thursday,Digital Look reports. They currently have a GBX 70 ($0.89) price objective on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 151.80% from the company’s current price.

Speedy Hire Stock Down 4.1 %

SDY traded down GBX 1.20 ($0.02) on Thursday, reaching GBX 27.80 ($0.35). The company’s stock had a trading volume of 3,817,208 shares, compared to its average volume of 1,335,816. The stock has a market cap of £128.39 million, a price-to-earnings ratio of 2,780.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. 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 business’s 50 day moving average is GBX 34.56 and its 200 day moving average is GBX 34.29. Speedy Hire has a 1 year low of GBX 22.50 ($0.28) and a 1 year high of GBX 41 ($0.52).

Insider Buying and Selling at Speedy Hire

In related news, insider Paul A. Rayner purchased 105,000 shares of the company’s stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average cost of GBX 36 ($0.46) per share, for a total transaction of £37,800 ($47,829.94). 5.33% of the stock is owned by 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.