Speedy Hire (LON:SDY) Price Target Cut to GBX 53 by Analysts at Canaccord Genuity Group

Speedy Hire (LON:SDY) had its price target lowered by Canaccord Genuity Group from GBX 63 to GBX 53 in a research note issued on Thursday, Digital Look reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective suggests a potential upside of 230.22% from the company’s previous close.

Speedy Hire Stock Up 0.3%

Shares of LON SDY opened at GBX 16.05 on Thursday. Speedy Hire has a 12 month low of GBX 14.60 and a 12 month high of GBX 30.45. The company has a current ratio of 0.85, a quick ratio of 0.90 and a debt-to-equity ratio of 224.84. The firm has a market capitalization of £74.00 million, a price-to-earnings ratio of -2.78, a PEG ratio of 0.21 and a beta of 0.70. The business has a 50-day moving average of GBX 18.86 and a 200-day moving average of GBX 20.14.

Speedy Hire (LON:SDY) last announced its earnings results on Wednesday, June 17th. The company reported GBX (1.71) earnings per share (EPS) for the quarter. Speedy Hire had a negative net margin of 6.39% and a negative return on equity of 19.68%. The company had revenue of £416.10 million for the quarter. Sell-side analysts expect that Speedy Hire will post 3.6102868 earnings per share for the current fiscal year.

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. It also sells access, lifting, survey, rail, and personal protective and safety equipment; various tools and equipment; and cutting, grinding, and sanding equipment, as well as site supplies.