Hill & Smith (LON:HILS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Hill & Smith PLC (LON:HILS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,662.32 and traded as high as GBX 2,935. Hill & Smith shares last traded at GBX 2,910, with a volume of 117,182 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Berenberg Bank lifted 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 report on Monday, August 17th. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,320 price objective on shares of Hill & Smith in a research note on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,241.67.

Hill & Smith Stock Performance

The firm’s fifty day moving average is GBX 2,944.76 and its 200-day moving average is GBX 2,664.49. 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 has a market capitalization of £2.32 billion, a PE ratio of 24.57 and a beta of 1.29.

Insider Activity at Hill & Smith

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