Speedy Hire (LON:SDY) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Speedy Hire (LON:SDY) in a research report report published on Thursday, Marketbeat.com reports. They currently have a GBX 70 ($0.88) price target on the stock.

Speedy Hire Trading Up 1.4 %

LON SDY opened at GBX 28.20 ($0.36) on Thursday. The company has a market capitalization of £130.24 million, a PE ratio of 2,820.00, a P/E/G ratio of 0.21 and a beta of 1.25. The company has a fifty day moving average of GBX 34.20 and a 200 day moving average of GBX 34.32. Speedy Hire has a 1 year low of GBX 22.50 ($0.28) and a 1 year high of GBX 41 ($0.52). The company has a debt-to-equity ratio of 115.48, a current ratio of 0.94 and a quick ratio of 0.90.

Speedy Hire Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 5th will be given a dividend of GBX 0.80 ($0.01) per share. The ex-dividend date is Thursday, December 5th. This represents a yield of 2.76%. Speedy Hire’s dividend payout ratio is presently 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, with a total value of £18,200 ($22,919.03). 5.33% of the stock is owned by corporate 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.