Hill & Smith (LON:HILS) Stock Breaks Above 50 Day Moving Average – Here’s Why

Shares of Hill & Smith PLC (LON:HILS) passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of GBX 3,018.04 and traded as high as GBX 3,055. Hill & Smith shares last traded at GBX 3,035, with a volume of 147,971 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Berenberg Bank boosted 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 reiterated a “buy” rating and issued a GBX 3,320 price objective on shares of Hill & Smith in a research report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Hill & Smith from GBX 2,975 to GBX 3,225 and gave the company a “buy” rating in a research report on Thursday, August 6th. 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,241.67.

Hill & Smith Stock Performance

The company has a debt-to-equity ratio of 41.04, a current ratio of 2.04 and a quick ratio of 0.92. The stock has a market capitalization of £2.34 billion, a PE ratio of 24.91 and a beta of 1.29. The stock has a 50 day moving average of GBX 3,018.04 and a two-hundred day moving average of GBX 2,674.35.

Insiders Place Their Bets

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