Hill & Smith (LON:HILS) Sets New 12-Month High – What’s Next?

Hill & Smith PLC (LON:HILS)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 2,892.50 and last traded at GBX 2,875, with a volume of 147070 shares trading hands. The stock had previously closed at GBX 2,836.01.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft upped their target price on Hill & Smith from GBX 2,625 to GBX 2,930 and gave the company a “buy” rating in a report on Thursday, March 12th. Shore Capital Group reiterated a “hold” rating on shares of Hill & Smith in a report on Wednesday, March 11th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,750 price objective on shares of Hill & Smith in a research report on Thursday, March 12th. Finally, Jefferies Financial Group upgraded Hill & Smith to a “buy” rating and upped their price objective for the company from GBX 2,760 to GBX 3,250 in a research note on Thursday, May 28th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,976.67.

Hill & Smith Trading Down 0.3%

The stock’s 50 day simple moving average is GBX 2,613.63 and its two-hundred day simple moving average is GBX 2,367.78. The stock has a market capitalization of £2.25 billion, a PE ratio of 28.20 and a beta of 1.29. The company has a debt-to-equity ratio of 25.52, a current ratio of 1.85 and a quick ratio of 0.92.

Insider Buying and Selling

In related news, insider Chris McLeish sold 2,682 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of GBX 2,760, for a total value of £74,023.20. Also, insider Nick Anderson acquired 3,750 shares of the company’s stock in a transaction that occurred on Thursday, June 4th. The stock was purchased at an average price of GBX 2,747 per share, for a total transaction of £103,012.50. Insiders own 2.00% of the company’s stock.

Hill & Smith Company Profile

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.