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

Speedy Hire (LON:SDY)‘s stock had its “buy” rating restated by investment analysts at Canaccord Genuity Group in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a GBX 70 ($0.88) price target on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 148.23% from the company’s current price.

Speedy Hire Price Performance

LON:SDY opened at GBX 28.20 ($0.35) on Thursday. The firm has a market cap of £130.24 million, a price-to-earnings ratio of 2,820.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. Speedy Hire has a 12-month low of GBX 22.50 ($0.28) and a 12-month high of GBX 41 ($0.51). The company has a current ratio of 0.94, a quick ratio of 0.90 and a debt-to-equity ratio of 115.48. The company’s 50-day moving average is GBX 34.37 and its two-hundred day moving average is GBX 34.24.

Insider Transactions at Speedy Hire

In related news, insider Paul A. Rayner purchased 65,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were purchased at an average price of GBX 28 ($0.35) per share, with a total value of £18,200 ($22,815.59). Corporate insiders own 5.33% 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.