Hill & Smith (LON:HILS) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Hill & Smith shares crossed above their 200-day moving average, reaching GBX 3,290 and closing at GBX 3,270, compared with the 200-day average of GBX 2,731.53.
• Analyst sentiment remains positive: three analysts rate the stock “Buy” and one rates it “Hold,” producing a “Moderate Buy” consensus and an average price target of GBX 3,241.67.
• Insiders recently bought shares, including purchases by Nick Anderson and Anthony Quinlan totaling about £160,176; insiders own 1.99% of the company.

Hill & Smith PLC (LON:HILS - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of GBX 2,731.53 and traded as high as GBX 3,290. Hill & Smith shares last traded at GBX 3,270, with a volume of 1,137,893 shares.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HILS. Deutsche Bank Aktiengesellschaft upped their target price on 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 reissued a "buy" rating and issued a GBX 3,320 price objective on shares of Hill & Smith in a research note on Wednesday, August 12th. Finally, Berenberg Bank upped their price objective on Hill & Smith from GBX 2,950 to GBX 3,180 and gave the company a "buy" rating in a report on Monday, August 17th. 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 has an average rating of "Moderate Buy" and an average price target of GBX 3,241.67.

Hill & Smith Price Performance

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 business's fifty day moving average is GBX 2,989.74 and its 200 day moving average is GBX 2,731.53. The firm has a market capitalization of £2.55 billion, a P/E ratio of 27.02 and a beta of 1.29.

Insider Activity at Hill & Smith

In related news, insider Nick Anderson acquired 4,120 shares of the business's stock in a transaction dated Friday, August 14th. The stock was bought 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 Hill & Smith stock in a transaction dated Thursday, August 13th. The shares were bought at an average cost of GBX 2,943 per share, with a total value 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.

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