HSBC Begins Coverage on Hill & Smith (HILS)

Stock analysts at HSBC initiated coverage on shares of Hill & Smith (LON:HILS) in a research report issued on Tuesday. The firm set a “buy” rating and a GBX 1,400 ($18.29) price target on the stock. HSBC’s target price indicates a potential upside of 27.27% from the stock’s previous close.

Separately, Peel Hunt reiterated a “buy” rating on shares of Hill & Smith in a research report on Thursday, November 22nd.

HILS opened at GBX 1,100 ($14.37) on Tuesday. Hill & Smith has a 1-year low of GBX 1,130 ($14.77) and a 1-year high of GBX 1,480 ($19.34).

About Hill & Smith

Hill & Smith Holdings PLC designs, manufactures, and supplies infrastructure products; and provides galvanizing services. The company operates in three segments: Infrastructure Products – Utilities; Infrastructure Products – Roads; and Galvanizing Services segments. The Infrastructure Products – Utilities segment provides industrial floorings, plastic drainage pipes, security fencing, industrial platforms and flooring, glass reinforced composite railway platforms, flood prevention barriers, plastic drainage pipes, energy grid components, pipe supports, and steel and composite products for a range of infrastructure markets, including energy creation and distribution, rail, water, and house building.

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