Hill & Smith (LON:HILS) Reaches New 52-Week High – Still a Buy?

Hill & Smith PLC (LON:HILS)’s share price reached a new 52-week high during trading on Friday . The company traded as high as GBX 2,845 and last traded at GBX 2,820, with a volume of 149830 shares. The stock had previously closed at GBX 2,770.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Hill & Smith from GBX 2,625 to GBX 2,930 and gave the stock a “buy” rating in a research note on Thursday, March 12th. Shore Capital Group reissued a “hold” rating on shares of Hill & Smith in a research note on Wednesday, March 11th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,750 price objective on shares of Hill & Smith in a research note on Thursday, March 12th. Finally, Jefferies Financial Group raised Hill & Smith to a “buy” rating and boosted their price objective for the stock from GBX 2,760 to GBX 3,250 in a research note on Thursday, May 28th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 2,976.67.

Hill & Smith Trading Up 1.8%

The company has a market cap of £2.21 billion, a P/E ratio of 27.76 and a beta of 1.29. The company has a quick ratio of 0.92, a current ratio of 1.85 and a debt-to-equity ratio of 25.52. The business has a 50-day moving average price of GBX 2,533.65 and a two-hundred day moving average price of GBX 2,341.66.

Hill & Smith (LON:HILS) last released its earnings results on Wednesday, March 11th. The company reported GBX 132.20 earnings per share for the quarter. Hill & Smith had a return on equity of 17.34% and a net margin of 9.50%. On average, analysts predict that Hill & Smith PLC will post 129.1287386 EPS for the current year.

Insiders Place Their Bets

In other news, insider Chris McLeish sold 2,682 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of GBX 2,760, for a total transaction of £74,023.20. Also, insider Nick Anderson bought 3,750 shares of the company’s stock in a transaction dated Thursday, June 4th. The shares were purchased at an average price of GBX 2,747 per share, with a total value of £103,012.50. Insiders own 2.00% of the company’s stock.

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.