Speedy Hire (LON:SDY) Reaches New 12-Month Low – Here’s Why

Speedy Hire Plc (LON:SDY) hit a new 52-week low during mid-day trading on Tuesday. The stock traded as low as GBX 14.12 and last traded at GBX 14.28, with a volume of 2699302 shares trading hands. The stock had previously closed at GBX 14.24.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group decreased their target price on 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 analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 53.

Speedy Hire Price Performance

The business has a fifty day moving average price of GBX 17.28 and a 200 day moving average price of GBX 19.01. The company has a market capitalization of £65.84 million, a price-to-earnings ratio of -2.47, a price-to-earnings-growth ratio of 0.21 and a beta of 0.70. The company has a debt-to-equity ratio of 224.84, a current ratio of 0.85 and a quick ratio of 0.90.

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.