Speedy Hire (LON:SDY) Given Buy Rating at Canaccord Genuity Group

Speedy Hire (LON:SDY)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity Group in a research note issued to investors on Thursday,Digital Look reports. They presently have a GBX 70 ($0.89) price target on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 151.80% from the company’s current price.

Speedy Hire Stock Performance

SDY stock traded down GBX 1.20 ($0.02) on Thursday, reaching GBX 27.80 ($0.35). The company’s stock had a trading volume of 3,817,208 shares, compared to its average volume of 1,335,816. The firm has a fifty day moving average of GBX 34.56 and a two-hundred day moving average of GBX 34.29. The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90. The company has a market capitalization of £128.39 million, a P/E ratio of 2,780.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.25. Speedy Hire has a 52 week low of GBX 22.50 ($0.28) and a 52 week high of GBX 41 ($0.52).

Insider Activity at Speedy Hire

In other news, insider Paul A. Rayner bought 105,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were purchased at an average price of GBX 36 ($0.46) per share, with a total value of £37,800 ($47,829.94). 5.33% of the stock is currently owned by insiders.

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.