Berenberg Bank downgraded shares of Hill & Smith (LON:HILS) to a hold rating in a research report sent to investors on Friday morning. The firm currently has GBX 1,190 ($15.18) target price on the stock, down from their previous target price of GBX 1,610 ($20.54).
Several other analysts have also issued reports on the stock. Numis Securities lowered shares of Hill & Smith to a hold rating and set a GBX 1,450 ($18.50) target price for the company. in a research note on Thursday, May 17th. Peel Hunt reiterated a buy rating on shares of Hill & Smith in a research note on Thursday, May 17th.
LON HILS opened at GBX 1,034 ($13.19) on Friday. Hill & Smith has a 1 year low of GBX 1,130 ($14.42) and a 1 year high of GBX 1,480 ($18.88).
In other news, insider Derek W. Muir sold 1,686 shares of the company’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of GBX 1,179 ($15.04), for a total value of £19,877.94 ($25,357.75). Also, insider Mark Pegler sold 4,225 shares of the company’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of GBX 1,416 ($18.06), for a total transaction of £59,826 ($76,318.41).
About Hill & Smith
Hill & Smith Holdings PLC designs, manufactures, and supplies infrastructure products; and provides galvanizing services. The company operates in three segments: Infrastructure Products?Utilities; Infrastructure Products-Roads; and Galvanizing Services segments. The Infrastructure Products?Utilities segment provides industrial floorings, plastic drainage pipes, security fencing, pipe supports, energy grid components, GRP railway platforms, flood prevention barriers, handrails, access covers, and steel and composite products for a range of infrastructure markets, including energy creation and distribution, rail, water, and house building.
Further Reading: Leveraged Buyout (LBO)
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