Speedy Hire’s (SDY) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group restated their buy rating on shares of Speedy Hire (LON:SDY) in a report issued on Thursday morning, Marketbeat.com reports. The firm currently has a GBX 79 price objective on the stock.

Speedy Hire Trading Up 2.3%

LON:SDY opened at GBX 28.90 on Thursday. The firm has a market capitalization of £133.09 million, a P/E ratio of -120.42, a P/E/G ratio of 0.21 and a beta of 1.25. The business has a 50 day simple moving average of GBX 26.50 and a 200 day simple moving average of GBX 27.15. The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90. Speedy Hire has a 12-month low of GBX 17.62 and a 12-month high of GBX 33.70.

Speedy Hire (LON:SDY) last issued its earnings results on Wednesday, November 26th. The company reported GBX (1.28) earnings per share for the quarter. Speedy Hire had a return on equity of 1.51% and a net margin of 0.64%. Equities research analysts predict that Speedy Hire will post 3.6102868 EPS for the current year.

Insider Activity

In other Speedy Hire news, insider David N. C. Garman acquired 200,000 shares of Speedy Hire stock in a transaction dated Wednesday, October 8th. The stock was acquired at an average cost of GBX 29 per share, for a total transaction of £58,000. Also, insider Shatish D. Dasani acquired 10,500 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was acquired at an average cost of GBX 28 per share, with a total value of £2,940. Over the last 90 days, insiders bought 550,500 shares of company stock valued at $15,704,000. Company insiders own 2.38% of the company’s stock.

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.