Hill & Smith (LON:HILS) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Hill & Smith PLC (LON:HILS)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,406.40 and traded as high as GBX 2,860. Hill & Smith shares last traded at GBX 2,844.91, with a volume of 105,629 shares changing hands.

Analyst Ratings Changes

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

Hill & Smith Stock Performance

The stock has a market capitalization of £2.23 billion, a price-to-earnings ratio of 28.00 and a beta of 1.29. The company has a current ratio of 1.85, a quick ratio of 0.92 and a debt-to-equity ratio of 25.52. The stock’s 50 day moving average is GBX 2,695.39 and its two-hundred day moving average is GBX 2,406.40.

Insider Transactions at Hill & Smith

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