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

Key Points

• Hill & Smith shares crossed above their 200-day moving average, reaching GBX 3,005 before closing at GBX 2,900, compared with a 200-day average of GBX 2,619.05.
• Analysts remain broadly positive: three rate the stock “Buy” and one “Hold,” producing a “Moderate Buy” consensus and an average price target of GBX 3,241.67.
• Insiders have recently purchased shares, including 9,222 shares over the past 90 days, while the company has a £2.27 billion market capitalization and a price-to-earnings ratio of 28.54.

Hill & Smith PLC (LON:HILS - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,619.05 and traded as high as GBX 3,005. Hill & Smith shares last traded at GBX 2,900, with a volume of 123,270 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HILS. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Hill & Smith from GBX 2,975 to GBX 3,225 and gave the company a "buy" rating in a research report on Thursday, August 6th. Berenberg Bank boosted their target price on shares of Hill & Smith from GBX 2,950 to GBX 3,180 and gave the stock a "buy" rating in a research report on Monday, August 17th. Finally, Jefferies Financial Group restated a "buy" rating and set a GBX 3,320 price target 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 given a Hold rating to the company. According to MarketBeat.com, Hill & Smith has a consensus rating of "Moderate Buy" and an average price target of GBX 3,241.67.

Hill & Smith Stock Performance

The stock has a market capitalization of £2.27 billion, a price-to-earnings ratio of 28.54 and a beta of 1.28. The firm has a fifty day moving average of GBX 2,925.64 and a 200 day moving average of GBX 2,619.05. The company has a debt-to-equity ratio of 41.04, a current ratio of 2.04 and a quick ratio of 0.92.

Insider Activity at Hill & Smith

In related news, insider Anthony (Tony) James Quinlan acquired 1,352 shares of Hill & Smith stock in a transaction on Thursday, August 13th. The stock was bought at an average cost of GBX 2,943 per share, for a total transaction of £39,789.36. Also, insider Nick Anderson purchased 4,120 shares of Hill & Smith stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of GBX 2,922 per share, with a total value of £120,386.40. Over the last ninety days, insiders have bought 9,222 shares of company stock valued at $26,318,826. Corporate insiders own 2.01% 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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