Hill & Smith (LON:HILS) Shares Cross Above 200-Day Moving Average – What’s Next?

Hill & Smith PLC (LON:HILS) shares crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 2,823.04 and traded as high as GBX 2,993.54. Hill & Smith shares last traded at GBX 2,975, with a volume of 186,213 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HILS. Jefferies Financial Group reissued a “buy” rating and issued a GBX 3,320 price objective on shares of Hill & Smith in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Finally, Berenberg Bank increased their price target on Hill & Smith from GBX 2,950 to GBX 3,180 and gave the stock a “buy” rating in a report on Monday, August 17th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,241.67.

Hill & Smith Price Performance

The stock’s 50 day simple moving average is GBX 3,012.12 and its two-hundred day simple moving average is GBX 2,828.20. The company has a debt-to-equity ratio of 41.04, a quick ratio of 0.92 and a current ratio of 2.04. The firm has a market capitalization of £2.22 billion, a PE ratio of 23.63 and a beta of 1.29.

Insider Transactions at Hill & Smith

In related news, insider Nick Anderson acquired 4,120 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of GBX 2,922 per share, for a total transaction of £120,386.40. Also, insider Anthony (Tony) James Quinlan bought 1,352 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were purchased at an average price of GBX 2,943 per share, with a total value of £39,789.36. 1.99% of the stock is owned by corporate insiders.

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.