Hill & Smith (LON:HILS) Stock Crosses Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Hill & Smith PLC's stock price has recently surpassed its 200-day moving average, indicating positive momentum, with shares trading at GBX 2,020 ($26.81).
• Market analysts have mixed ratings for the stock, with Shore Capital downgrading it to a "hold" and Berenberg Bank maintaining a "buy" rating with a price target of GBX 2,500 ($33.18).
• The company, with a market capitalization of £1.63 billion, aims to provide sustainable infrastructure solutions globally, leveraging its presence in various international markets.

Shares of Hill & Smith PLC (LON:HILS - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,843.77 ($24.51) and traded as high as GBX 2,060 ($27.39). Hill & Smith shares last traded at GBX 2,020 ($26.86), with a volume of 375,237 shares.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HILS. Shore Capital cut Hill & Smith to a "hold" rating in a report on Thursday, May 22nd. Berenberg Bank reiterated a "buy" rating and issued a GBX 2,500 ($33.24) price target on shares of Hill & Smith in a research note on Tuesday, July 8th.

Hill & Smith Stock Down 1.2%

The company has a debt-to-equity ratio of 34.30, a quick ratio of 0.92 and a current ratio of 2.20. The stock has a market cap of £1.61 billion, a P/E ratio of 21.02 and a beta of 1.31. The stock's fifty day simple moving average is GBX 1,850.14 and its 200-day simple moving average is GBX 1,845.61.

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.