Berenberg Bank Forecasts Strong Price Appreciation for Hill & Smith (LON:HILS) Stock

Key Points

• Berenberg Bank raised Hill & Smith’s price target from GBX 2,950 to GBX 3,180 and maintained a “buy” rating, implying 4.95% potential upside.
• Analyst sentiment remains positive: Hill & Smith has a consensus “Moderate Buy” rating and an average target price of GBX 3,241.67, with Deutsche Bank and Jefferies also issuing buy ratings.
• The stock opened at GBX 3,030, versus a 12-month range of GBX 1,994–3,220, while insiders recently purchased additional shares and currently own 2.01% of the company.

Hill & Smith (LON:HILS - Get Free Report) had its price objective hoisted by research analysts at Berenberg Bank from GBX 2,950 to GBX 3,180 in a research note issued to investors on Monday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price objective indicates a potential upside of 4.95% from the company's current price.

Several other analysts also recently weighed in on HILS. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Hill & Smith from GBX 2,975 to GBX 3,225 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 3,320 target price on shares of Hill & Smith in a report on Wednesday, August 12th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 3,241.67.

Hill & Smith Price Performance

LON HILS opened at GBX 3,030 on Monday. Hill & Smith has a 12-month low of GBX 1,994 and a 12-month high of GBX 3,220. The firm's fifty day simple moving average is GBX 2,895.99 and its two-hundred day simple moving average is GBX 2,562.47. 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 firm has a market capitalization of £2.37 billion, a P/E ratio of 29.82 and a beta of 1.28.

Insider Activity at Hill & Smith

In other Hill & Smith news, insider Anthony (Tony) James Quinlan bought 1,352 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The stock was bought at an average cost of GBX 2,943 per share, for a total transaction of £39,789.36. Also, insider Nick Anderson purchased 3,750 shares of the stock in a transaction on Thursday, June 4th. The stock was acquired at an average cost of GBX 2,747 per share, for a total transaction of £103,012.50. 2.01% of the stock is currently owned by insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source