Hill & Smith (LON:HILS) Hits New 1-Year High – Here’s What Happened

Hill & Smith PLC (LON:HILS)’s share price hit a new 52-week high on Wednesday . The stock traded as high as GBX 3,035 and last traded at GBX 3,030, with a volume of 127667 shares trading hands. The stock had previously closed at GBX 3,015.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised Hill & Smith to a “buy” rating and raised their target price for the company from GBX 2,760 to GBX 3,250 in a research note on Thursday, May 28th. Three 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 an average rating of “Moderate Buy” and a consensus price target of GBX 2,976.67.

Hill & Smith Stock Up 0.5%

The company has a debt-to-equity ratio of 25.52, a current ratio of 1.85 and a quick ratio of 0.92. The stock has a market capitalization of £2.37 billion, a P/E ratio of 29.82 and a beta of 1.29. The stock’s fifty day moving average is GBX 2,790.11 and its two-hundred day moving average is GBX 2,472.04.

Insiders Place Their Bets

In related news, insider Chris McLeish sold 2,682 shares of Hill & Smith stock in a transaction 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 bought 3,750 shares of the business’s stock in a transaction dated Thursday, June 4th. The shares were bought at an average cost of GBX 2,747 per share, for a total transaction of £103,012.50. 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.