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Speedy Hire ( (GB:SDY) ) has issued an update.
Speedy Hire plc has announced a significant commercial agreement with ProService, a UK building services marketplace, which includes Speedy acquiring a 9.99% stake in ProService. This transaction, pending final approvals, is expected to enhance Speedy’s market presence and operational capabilities in the building services sector.
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 hire and services solutions to various industries.
Average Trading Volume: 921,818
Technical Sentiment Signal: Buy
Current Market Cap: £124.7M
See more data about SDY stock on TipRanks’ Stock Analysis page.