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Speedy Hire ( (GB:SDY) ) has provided an announcement.
Speedy Hire PLC has completed a significant commercial agreement with ProService, marking a milestone in its Velocity growth strategy. The deal, expected to generate £50-55 million in annual revenue, is anticipated to be earnings accretive in its first full year, enhancing Speedy’s market position and operational capabilities.
The most recent analyst rating on (GB:SDY) stock is a Hold with a £27.00 price target. To see the full list of analyst forecasts on Speedy Hire stock, see the GB:SDY Stock Forecast page.
Spark’s Take on GB:SDY Stock
According to Spark, TipRanks’ AI Analyst, GB:SDY is a Neutral.
Speedy Hire’s overall stock score reflects significant financial challenges, particularly in profitability and cash flow management. While the technical analysis provides some positive signals, the high leverage and negative P/E ratio highlight ongoing risks. The high dividend yield is a positive aspect but may not fully offset the financial concerns.
To see Spark’s full report on GB:SDY stock, click here.
More about Speedy Hire
Speedy Hire PLC is the UK’s leading company in tools and equipment hire services, focusing on providing comprehensive solutions for construction and industrial sectors.
Average Trading Volume: 818,315
Technical Sentiment Signal: Sell
Current Market Cap: £118.3M
Learn more about SDY stock on TipRanks’ Stock Analysis page.