Speedy Hire (LON:SDY) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Posted by ABMN Staff on May 30th, 2026

Shares of Speedy Hire Plc (LON:SDY – Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 23.48 and traded as low as GBX 19.54. Speedy Hire shares last traded at GBX 19.85, with a volume of 763,244 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut Speedy Hire to a “buy” rating and cut their target price for the company from GBX 79 to GBX 70 in a research note on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 70.

View Our Latest Research Report on SDY

Speedy Hire Trading Up 1.8%

The business’s 50 day moving average is GBX 20.14 and its two-hundred day moving average is GBX 23.48. The company has a quick ratio of 0.90, a current ratio of 0.46 and a debt-to-equity ratio of 171.05. The firm has a market capitalization of £91.46 million, a P/E ratio of -7.85, a PEG ratio of 0.21 and a beta of 0.71.

About Speedy Hire

(Get Free Report)

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.