Hill & Smith (LON:HILS) Stock Passes Above 200-Day Moving Average – Here’s Why

Hill & Smith PLC (LON:HILS) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,383.66 and traded as high as GBX 2,830. Hill & Smith shares last traded at GBX 2,760, with a volume of 306,344 shares traded.

Analyst Ratings Changes

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

Hill & Smith Stock Performance

The company has a current ratio of 1.85, a quick ratio of 0.92 and a debt-to-equity ratio of 25.52. The firm has a market capitalization of £2.16 billion, a PE ratio of 27.17 and a beta of 1.29. The stock’s 50 day moving average price is GBX 2,659.39 and its two-hundred day moving average price is GBX 2,386.30.

Insider Buying and Selling at Hill & Smith

In other Hill & Smith news, insider Chris McLeish sold 2,682 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of GBX 2,760, for a total transaction of £74,023.20. Also, insider Nick Anderson purchased 3,750 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average cost of GBX 2,747 per share, with a total value of £103,012.50. Company 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.