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

Key Points

• Hill & Smith shares rose above their 50-day moving average, reaching GBX 3,055 before last trading at GBX 3,035, compared with a 50-day average of GBX 3,018.04.
• Analysts remain broadly positive: Deutsche Bank, Berenberg and Jefferies all issued or maintained Buy ratings, contributing to a “Moderate Buy” consensus and an average price target of GBX 3,241.67.
• Insiders recently bought shares, including purchases by Anthony Quinlan and Nick Anderson totaling more than £160,000; corporate insiders own 1.99% of the company.

Hill & Smith PLC (LON:HILS - Get Free Report) shares passed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 3,018.04 and traded as high as GBX 3,055. Hill & Smith shares last traded at GBX 3,035, with a volume of 147,971 shares changing hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HILS shares. Deutsche Bank Aktiengesellschaft upped their price objective 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. Berenberg Bank boosted 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. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 3,320 price target 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 has an average rating of "Moderate Buy" and a consensus target price of GBX 3,241.67.

Hill & Smith Price Performance

The firm has a market capitalization of £2.34 billion, a price-to-earnings ratio of 24.91 and a beta of 1.29. The company has a fifty day moving average price of GBX 3,018.04 and a two-hundred day moving average price of GBX 2,674.35. 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 Buying and Selling at Hill & Smith

In other Hill & Smith news, insider Anthony (Tony) James Quinlan acquired 1,352 shares of the stock in a transaction on 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. Also, insider Nick Anderson acquired 4,120 shares of the stock in a transaction on Friday, August 14th. The shares were acquired at an average cost of GBX 2,922 per share, for a total transaction of £120,386.40. 1.99% of the stock is owned by corporate 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.

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