Speedy Hire (LON:SDY) Reaches New 1-Year Low – What’s Next?

Shares of Speedy Hire Plc (LON:SDY) hit a new 52-week low during mid-day trading on Friday. The company traded as low as GBX 14.12 and last traded at GBX 14.44, with a volume of 3859486 shares. The stock had previously closed at GBX 14.82.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group dropped their price objective on shares of Speedy Hire from GBX 63 to GBX 53 and set a “buy” rating for the company in a research report on Thursday, September 10th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 53.

Speedy Hire Stock Down 2.6%

The business’s 50-day moving average is GBX 17.88 and its two-hundred day moving average is GBX 19.40. The firm has a market capitalization of £66.57 million, a price-to-earnings ratio of -2.50, a P/E/G ratio of 0.21 and a beta of 0.70. The company has a debt-to-equity ratio of 224.84, a quick ratio of 0.90 and a current ratio of 0.85.

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. 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.