Hill & Smith (LON:HILS) Hits New 12-Month High – Here’s What Happened

Hill & Smith PLC (LON:HILS) hit a new 52-week high on Friday. The company traded as high as GBX 3,330 and last traded at GBX 3,240, with a volume of 750248 shares. The stock had previously closed at GBX 3,140.

Analyst Ratings Changes

HILS has been the subject of several research reports. 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. Berenberg Bank increased their price objective on Hill & Smith from GBX 2,950 to GBX 3,180 and gave the stock a “buy” rating in a research report on Monday, August 17th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 3,320 price objective on shares of Hill & Smith in a research report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Hill & Smith has an average rating of “Moderate Buy” and an average target price of GBX 3,241.67.

Hill & Smith Stock Performance

The stock’s 50-day simple moving average is GBX 2,964.76 and its 200-day simple moving average is GBX 2,695.18. The stock has a market cap of £2.53 billion, a price-to-earnings ratio of 26.86 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.

Insider Activity at Hill & Smith

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

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.