Hill & Smith (LON:HILS) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Hill & Smith PLC (LON:HILS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,505.20 and traded as high as GBX 3,000. Hill & Smith shares last traded at GBX 2,891.36, with a volume of 212,872 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised shares of Hill & Smith to a “buy” rating and increased their target price for the company 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of GBX 2,976.67.

Hill & Smith Stock Down 1.0%

The company has a 50-day simple moving average of GBX 2,846.23 and a 200-day simple moving average of GBX 2,509.29. The firm has a market cap of £2.23 billion, a PE ratio of 28.05 and a beta of 1.29. The company has a debt-to-equity ratio of 25.52, a current ratio of 1.85 and a quick ratio of 0.92.

Insider Buying and Selling

In related 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 acquired 3,750 shares of the business’s stock in a transaction on Thursday, June 4th. The stock was acquired at an average cost of GBX 2,747 per share, for a total transaction of £103,012.50. 1.99% of the stock is currently owned by company 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.