Speedy Hire's (SDY) "Buy" Rating Reaffirmed at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has maintained a "buy" rating for Speedy Hire (LON:SDY) and set a price target of GBX 60, suggesting a potential upside of 145.40% from its current price.
• As of Thursday, Speedy Hire's stock was priced at GBX 24.45, with a considerable debt-to-equity ratio of 115.48 and a market capitalization of £112.60 million.
• The company recently reported earnings of GBX 1.41 per share for the quarter, with an anticipated full-year EPS forecast of 3.61.

Canaccord Genuity Group reissued their buy rating on shares of Speedy Hire (LON:SDY - Free Report) in a report issued on Thursday, MarketBeat.com reports. They currently have a GBX 60 price objective on the stock.

Speedy Hire Price Performance

Shares of Speedy Hire stock traded down GBX 0.05 during trading on Thursday, reaching GBX 23.80. The company's stock had a trading volume of 336,441 shares, compared to its average volume of 1,123,496. The stock has a 50-day moving average price of GBX 29.33 and a two-hundred day moving average price of GBX 24.58. The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48. Speedy Hire has a one year low of GBX 17.62 and a one year high of GBX 38.20. The stock has a market capitalization of £109.60 million, a P/E ratio of -9,916.67, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25.

Speedy Hire (LON:SDY - Get Free Report) last released its quarterly earnings results on Wednesday, June 18th. The company reported GBX 1.41 earnings per share (EPS) for the quarter. Speedy Hire had a return on equity of 1.51% and a net margin of 0.64%. As a group, sell-side analysts anticipate that Speedy Hire will post 3.6102868 EPS 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.