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Speedy Hire ( (GB:SDY) ) has provided an update.
Speedy Hire Plc reported its interim results for the first half of FY2026, highlighting significant strategic progress despite challenging market conditions. The company has entered a transformational commercial agreement with ProService, expected to generate substantial revenue and earnings growth. Despite subdued markets, Speedy Hire has gained market share through long-term contract wins and strategic initiatives like the Velocity growth strategy. Financially, the company saw a slight revenue increase but faced a loss before tax due to higher interest costs and reduced hire revenues. The company remains optimistic about future growth, supported by recent contract wins and strategic partnerships.
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 a leading provider of tools, specialist equipment, and services in the UK and Ireland, focusing on infrastructure projects and growing services revenues.
Average Trading Volume: 777,956
Technical Sentiment Signal: Buy
Current Market Cap: £121.7M
For detailed information about SDY stock, go to TipRanks’ Stock Analysis page.