Canaccord Genuity Group Reaffirms Buy Rating for Speedy Hire (LON:SDY)

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

Speedy Hire Price Performance

Shares of LON SDY opened at GBX 28.20 ($0.35) on Thursday. 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 has a one year low of GBX 22.50 ($0.28) and a one year high of GBX 41 ($0.51). The firm has a market capitalization of £130.24 million, a P/E ratio of 2,820.00, a PEG ratio of 0.21 and a beta of 1.25. The company’s fifty day moving average is GBX 34.20 and its two-hundred day moving average is GBX 34.24.

Speedy Hire Cuts Dividend

The business also recently announced 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 currently 30,000.00%.

Insider Buying and Selling at Speedy Hire

In other news, insider Paul A. Rayner bought 65,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of GBX 28 ($0.35) per share, for a total transaction of £18,200 ($22,815.59). 5.33% of the stock is currently owned by corporate insiders.

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.