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

Canaccord Genuity Group reaffirmed their buy rating on shares of Speedy Hire (LON:SDY) in a report released on Thursday, MarketBeat Ratings reports. Canaccord Genuity Group currently has a GBX 70 ($0.88) price target on the stock.

Speedy Hire Price Performance

Shares of LON:SDY opened at GBX 28.20 ($0.35) on Thursday. Speedy Hire has a one year low of GBX 22.50 ($0.28) and a one year high of GBX 41 ($0.51). The stock has a market capitalization of £130.24 million, a price-to-earnings ratio of 2,820.00, a PEG ratio of 0.21 and a beta of 1.25. The company has a 50-day simple moving average of GBX 34.20 and a 200-day simple moving average of GBX 34.24. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94.

Speedy Hire Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 5th will be given a dividend of GBX 0.80 ($0.01) per share. The ex-dividend date of this dividend is Thursday, December 5th. This represents a yield of 2.76%. Speedy Hire’s payout ratio is 30,000.00%.

Insider Buying and Selling at Speedy Hire

In other news, insider Paul A. Rayner acquired 65,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was bought at an average price of GBX 28 ($0.35) per share, for a total transaction of £18,200 ($22,815.59). Company insiders own 5.33% of the company’s stock.

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.