Speedy Hire Plc Anticipates Strong Second Half Amidst Subdued Market Conditions

Speedy Hire ( (GB:SDY) ) has shared an update.

Speedy Hire Plc reports that despite subdued market conditions, it remains well-positioned for future opportunities, particularly with the UK Government’s growth initiatives. Although hire revenue is slightly behind compared to last year, the company expects a stronger second half due to seasonal trading patterns and recent contract wins. The management’s focus on cost, margin, and pricing discipline is anticipated to benefit the company’s performance, with the Board maintaining its full-year expectations.

The most recent analyst rating on (GB:SDY) stock is a Hold with a £25.00 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.

The overall stock score reflects significant financial and technical challenges. The company’s profitability and cash flow issues, coupled with bearish technical indicators, weigh heavily on the score. While the high dividend yield offers some appeal, it is overshadowed by the broader financial risks.

To see Spark’s full report on GB:SDY stock, click here.

More about Speedy Hire

Speedy Hire Plc is the UK’s leading provider of tools and equipment hire services, catering to a diverse clientele in construction, infrastructure, industrial, and support services markets, as well as local trade and retail sectors. The company also offers complementary support services such as training, asset management, and compliance services. With national certifications and operations across the UK, Ireland, and a joint venture in Kazakhstan, Speedy Hire has a robust market presence.

Average Trading Volume: 1,098,357

Technical Sentiment Signal: Hold

Current Market Cap: £124.3M

Learn more about SDY stock on TipRanks’ Stock Analysis page.