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

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

Speedy Hire Stock Up 0.7 %

Shares of LON:SDY opened at GBX 28 ($0.35) on Thursday. The company has a 50 day moving average price of GBX 34.56 and a two-hundred day moving average price of GBX 34.29. The company has a debt-to-equity ratio of 115.48, a quick ratio of 0.90 and a current ratio of 0.94. The company has a market capitalization of £129.32 million, a PE ratio of 2,650.00, a PEG 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).

Speedy Hire Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 5th will be paid a dividend of GBX 0.80 ($0.01) per share. This represents a yield of 2.76%. The ex-dividend date is Thursday, December 5th. Speedy Hire’s payout ratio is presently 30,000.00%.

Insiders Place Their Bets

In related news, insider Paul A. Rayner bought 105,000 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were purchased at an average cost of GBX 36 ($0.45) per share, for a total transaction of £37,800 ($47,589.07). Corporate insiders own 5.33% of the company’s stock.

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.