Speedy Hire Reports Resilient Performance Amidst Challenging Market Conditions

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

Speedy Hire reported a slight decrease in revenue to £416.6 million for the year ending March 31, 2025, amidst challenging market conditions and delays in government spending. Despite these challenges, the company remains committed to its Velocity strategy, focusing on growth opportunities and maintaining shareholder returns. The company has continued to invest in its hire fleet and digital capabilities, and has secured new multi-year contracts, positioning itself well for future growth. The refinancing of debt facilities and a promising pipeline of opportunities are expected to support the company’s growth ambitions.

The most recent analyst rating on (GB:SDY) stock is a Buy with a £70.00 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 is driven by strengths in cash flow management and insider confidence as evidenced by recent share purchases. However, the negative P/E ratio and increased leverage present significant risks. The technical analysis suggests caution with potential bearish trends, while high dividend yield could provide some investor appeal.

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

More about Speedy Hire

Speedy Hire is the UK’s leading provider of tools and equipment hire services, catering to a diverse range of customers in the construction, infrastructure, industrial, and support services markets, as well as local trade and retail sectors. The company offers additional support services such as training, asset management, and compliance services, operating from 135 service centers across the UK and Ireland, and through a joint venture in Kazakhstan.

Average Trading Volume: 790,723

Technical Sentiment Signal: Sell

Current Market Cap: £113.9M

For an in-depth examination of SDY stock, go to TipRanks’ Overview page.