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

Shares of Hill & Smith PLC (LON:HILS) hit a new 52-week high during trading on Tuesday. The company traded as high as GBX 3,345 and last traded at GBX 3,330, with a volume of 37980 shares trading hands. The stock had previously closed at GBX 3,295.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HILS shares. Jefferies Financial Group restated a “buy” rating and set a GBX 3,320 price objective on shares of Hill & Smith in a research note on Wednesday, August 12th. Berenberg Bank raised their target price on shares of Hill & Smith from GBX 2,950 to GBX 3,180 and gave the company a “buy” rating in a research note on Monday, August 17th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Hill & Smith from GBX 2,975 to GBX 3,225 and gave the stock a “buy” rating in a report on Thursday, August 6th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 3,241.67.

Hill & Smith Stock Performance

The firm has a market cap of £2.36 billion, a price-to-earnings ratio of 25.08 and a beta of 1.29. The company has a current ratio of 2.04, a quick ratio of 0.92 and a debt-to-equity ratio of 41.04. The stock’s 50 day moving average is GBX 3,005.23 and its 200 day moving average is GBX 2,759.57.

Insider Activity at Hill & Smith

In other news, insider Anthony (Tony) James Quinlan purchased 1,352 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was acquired at an average cost of GBX 2,943 per share, with a total value of £39,789.36. Also, insider Nick Anderson purchased 4,120 shares of Hill & Smith stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of GBX 2,922 per share, with a total value of £120,386.40. 1.99% of the stock is currently 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.