Hill & Smith (LON:HILS) Sets New 1-Year High – Here’s Why

Hill & Smith PLC (LON:HILS) shares hit a new 52-week high on Friday . The stock traded as high as GBX 2,915 and last traded at GBX 2,905, with a volume of 54903 shares changing hands. The stock had previously closed at GBX 2,885.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 2,750 target price on shares of Hill & Smith in a report on Thursday, March 12th. Jefferies Financial Group upgraded Hill & Smith to a “buy” rating and lifted their price objective for the stock from GBX 2,760 to GBX 3,250 in a research report on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Hill & Smith from GBX 2,625 to GBX 2,930 and gave the company a “buy” rating in a research note on Thursday, March 12th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 2,976.67.

Hill & Smith Price Performance

The stock has a market cap of £2.29 billion, a PE ratio of 28.79 and a beta of 1.29. The business has a fifty day simple moving average of GBX 2,727.29 and a two-hundred day simple moving average of GBX 2,427.04. The company has a current ratio of 1.85, a quick ratio of 0.92 and a debt-to-equity ratio of 25.52.

Insider Buying and Selling at Hill & Smith

In other news, insider Chris McLeish sold 2,682 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of GBX 2,760, for a total transaction of £74,023.20. Also, insider Nick Anderson bought 3,750 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were acquired at an average price of GBX 2,747 per share, for a total transaction of £103,012.50. 1.99% of the stock is owned by corporate insiders.

About Hill & Smith

Our purpose is to create sustainable infrastructure and safe transport through innovation.

Hill & Smith PLC is an international group with leading positions in the supply of infrastructure products and galvanizing services to global markets. Through a focus on leading positions in niche markets we aim to consistently deliver strong returns and shareholder value.

Supplying to, and located in, global markets the Group serves customers from facilities in Australia, India, Sweden, the UK and the USA, building a presence in international markets, where countries are upgrading or improving their infrastructure as their economies grow.