Hill & Smith (LON:HILS) Stock Price Breaks Above Two Hundred Day Moving Average - What's Next?

Key Points

• Hill & Smith shares broke above their 200-day moving average, reaching GBX 3,088.13 before last trading at GBX 3,020 on volume of about 4.5 million shares.
• Analysts remain broadly positive: three rate the stock Buy and one Hold, with 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 roughly £160,000; insiders own 1.99% of the company.

Hill & Smith PLC (LON:HILS - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 2,785.77 and traded as high as GBX 3,088.13. Hill & Smith shares last traded at GBX 3,020, with a volume of 4,500,234 shares.

Wall Street Analysts Forecast Growth

HILS has been the topic of several research reports. Berenberg Bank upped their target price 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. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 3,320 price target on shares of Hill & Smith in a research note on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on 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. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of GBX 3,241.67.

Hill & Smith Trading Down 0.7%

The business has a 50 day moving average of GBX 3,016.73 and a 200-day moving average of GBX 2,785.77. The stock has a market cap of £2.35 billion, a PE ratio of 24.96 and a beta of 1.29. The company has a current ratio of 2.04, a quick ratio of 0.92 and a debt-to-equity ratio of 41.04.

Insiders Place Their Bets

In related news, insider Nick Anderson acquired 4,120 shares of Hill & Smith stock in a transaction dated 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. Also, insider Anthony (Tony) James Quinlan acquired 1,352 shares of Hill & Smith stock in a transaction dated Thursday, August 13th. The stock was bought at an average price of GBX 2,943 per share, for a total transaction 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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