Canaccord Genuity Group Issues Pessimistic Forecast for Speedy Hire (LON:SDY) Stock Price

Speedy Hire (LON:SDY) had its price target cut by research analysts at Canaccord Genuity Group from GBX 70 to GBX 63 in a research note issued on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 223.01% from the stock’s current price.

Speedy Hire Stock Down 2.0%

Shares of LON SDY opened at GBX 19.50 on Wednesday. The company has a debt-to-equity ratio of 171.05, a quick ratio of 0.90 and a current ratio of 0.46. Speedy Hire has a 52 week low of GBX 18.18 and a 52 week high of GBX 33.70. The stock has a market capitalization of £89.86 million, a P/E ratio of -7.71, a PEG ratio of 0.21 and a beta of 0.71. The stock’s fifty day moving average is GBX 19.89 and its 200 day moving average is GBX 22.87.

Speedy Hire Company Profile

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.