Hill & Smith (LON:HILS) Shares Cross Above 200-Day Moving Average - What's Next?

Key Points

• Hill & Smith PLC's stock price has crossed above its 200-day moving average, reaching a high of GBX 1,988 ($26.70) during trading.
• Berenberg Bank has set a new price target of GBX 2,500 ($33.58) for the stock, while Shore Capital downgraded it to a "hold" rating.
• The company maintains a market capitalization of £1.59 billion with key financial metrics including a quick ratio of 0.92 and a debt-to-equity ratio of 34.30.

Shares of Hill & Smith PLC (LON:HILS - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,846.60 ($25.03) and traded as high as GBX 1,988 ($26.94). Hill & Smith shares last traded at GBX 1,965.18 ($26.64), with a volume of 117,730 shares.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HILS. Shore Capital reissued a "hold" rating on shares of Hill & Smith in a research note on Wednesday. Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,500 ($33.88) target price on shares of Hill & Smith in a research note on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Hill & Smith from GBX 2,555 ($34.63) to GBX 2,625 ($35.58) and gave the company a "buy" rating in a research note on Wednesday.

Hill & Smith Stock Up 0.5%

The stock's 50 day simple moving average is GBX 1,882.97 and its two-hundred day simple moving average is GBX 1,852.89. The firm has a market cap of £1.75 billion, a P/E ratio of 22.81 and a beta of 1.31. The company has a debt-to-equity ratio of 34.30, a current ratio of 2.20 and a quick ratio of 0.92.

Hill & Smith (LON:HILS - Get Free Report) last announced its earnings results on Wednesday, August 13th. The company reported GBX 63.90 ($0.87) earnings per share for the quarter. Hill & Smith had a net margin of 9.23% and a return on equity of 17.39%. As a group, research analysts forecast that Hill & Smith PLC will post 129.1287386 earnings per share for the current year.

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.