Hill & Smith (LON:HILS) Reaches New 1-Year High on Insider Buying Activity

Hill & Smith PLC (LON:HILS) shares reached a new 52-week high during mid-day trading on Friday after an insider bought additional shares in the company. The stock traded as high as GBX 2,835 and last traded at GBX 2,805, with a volume of 52420 shares changing hands. The stock had previously closed at GBX 2,775.

Specifically, insider Nick Anderson purchased 3,750 shares of the business’s stock in a transaction on 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.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HILS. Shore Capital Group reissued a “hold” rating on shares of Hill & Smith in a report on Wednesday, March 11th. Berenberg Bank reiterated a “buy” rating and issued 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 upped their target price for the company from GBX 2,760 to GBX 3,250 in a report on Thursday, May 28th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,976.67.

Hill & Smith Stock Up 0.7%

The business has a fifty day moving average of GBX 2,467.60 and a 200 day moving average of GBX 2,319. The stock has a market cap of £2.20 billion, a price-to-earnings ratio of 27.51 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.

Hill & Smith (LON:HILS) last released its quarterly earnings data on Wednesday, March 11th. The company reported GBX 132.20 EPS for the quarter. Hill & Smith had a return on equity of 17.34% and a net margin of 9.50%. On average, equities analysts predict that Hill & Smith PLC will post 129.1287386 earnings per share for the current year.

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.