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

Key Points

• Hill & Smith shares broke above their 200-day moving average, reaching GBX 2,935 before closing at GBX 2,910, with 117,182 shares traded.
• Analysts remain positive: Berenberg, Deutsche Bank, and Jefferies all maintain buy ratings, while the average price target is GBX 3,241.67.
• Insiders recently purchased shares, including acquisitions by Anthony Quinlan and Nick Anderson; company insiders collectively own 1.99% of the stock.

Shares of Hill & Smith PLC (LON:HILS - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,662.32 and traded as high as GBX 2,935. Hill & Smith shares last traded at GBX 2,910, with a volume of 117,182 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HILS. Berenberg Bank increased their target price on Hill & Smith from GBX 2,950 to GBX 3,180 and gave the stock a "buy" rating in a research note on Monday, August 17th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Hill & Smith from GBX 2,975 to GBX 3,225 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Finally, 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. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 3,241.67.

Hill & Smith Stock Performance

The stock has a market capitalization of £2.27 billion, a PE ratio of 24.05 and a beta of 1.29. The stock has a fifty day moving average of GBX 2,943.79 and a 200-day moving average of GBX 2,662.32. The company has a quick ratio of 0.92, a current ratio of 2.04 and a debt-to-equity ratio of 41.04.

Insider Transactions at Hill & Smith

In related news, insider Anthony (Tony) James Quinlan acquired 1,352 shares of the firm's stock in a transaction dated Thursday, August 13th. The stock was acquired at an average price of GBX 2,943 per share, for a total transaction of £39,789.36. Also, insider Nick Anderson acquired 4,120 shares of the stock in a transaction dated Friday, August 14th. The shares were bought at an average cost of GBX 2,922 per share, with a total value of £120,386.40. 1.99% of the stock is owned by company insiders.

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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