Berenberg Bank Reiterates “Buy” Rating for Hill & Smith (LON:HILS)

Hill & Smith (LON:HILS)‘s stock had its “buy” rating reiterated by equities research analysts at Berenberg Bank in a note issued to investors on Monday,Digital Look reports. They currently have a GBX 2,500 ($32.32) price target on the stock. Berenberg Bank’s price target suggests a potential upside of 30.07% from the company’s previous close.

Separately, Shore Capital restated a “hold” rating on shares of Hill & Smith in a report on Tuesday, January 7th.

Hill & Smith Price Performance

Shares of HILS stock traded up GBX 28.10 ($0.36) during mid-day trading on Monday, hitting GBX 1,922.10 ($24.85). The company had a trading volume of 63,291 shares, compared to its average volume of 400,930. The stock’s 50 day moving average price is GBX 1,901.72 and its 200-day moving average price is GBX 1,984.53. Hill & Smith has a 52-week low of GBX 1,734 ($22.41) and a 52-week high of GBX 2,330 ($30.12). The company has a market capitalization of £1.55 billion, a P/E ratio of 20.21 and a beta of 1.31. The company has a debt-to-equity ratio of 34.30, a current ratio of 2.20 and a quick ratio of 0.92.

Hill & Smith (LON:HILS) last released its quarterly earnings data on Wednesday, March 12th. The company reported GBX 122.60 ($1.58) EPS for the quarter. Hill & Smith had a net margin of 9.23% and a return on equity of 17.39%. Equities research analysts forecast that Hill & Smith will post 129.1287386 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Alan Giddins bought 4,225 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of GBX 1,875 ($24.24) per share, for a total transaction of £79,218.75 ($102,402.73). Also, insider Carol Chesney bought 1,054 shares of the company’s stock in a transaction on Friday, March 14th. The shares were bought at an average cost of GBX 1,842 ($23.81) per share, for a total transaction of £19,414.68 ($25,096.54). 1.88% of the stock is owned by 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.