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The latest update is out from Hill & Smith Holdings ( (GB:HILS) ).
Hill & Smith PLC, a company engaged in a £100 million share buyback program, announced the purchase and cancellation of 12,000 ordinary shares from Deutsche Bank AG, London Branch. This transaction, part of the ongoing buyback initiative, reflects the company’s strategy to enhance shareholder value by reducing the number of shares in circulation. The completion of this transaction brings the total number of shares purchased under the program to 839,494, indicating a significant commitment to the buyback strategy.
The most recent analyst rating on (GB:HILS) stock is a Buy with a £2582.00 price target. To see the full list of analyst forecasts on Hill & Smith Holdings stock, see the GB:HILS Stock Forecast page.
Spark’s Take on GB:HILS Stock
According to Spark, TipRanks’ AI Analyst, GB:HILS is a Outperform.
Hill & Smith Holdings scores well due to its strong financial performance and positive corporate actions, such as the share buyback program. While technical indicators show bullish momentum, the high P/E ratio suggests potential overvaluation, which slightly tempers the overall score.
To see Spark’s full report on GB:HILS stock, click here.
More about Hill & Smith Holdings
Average Trading Volume: 128,061
Technical Sentiment Signal: Buy
Current Market Cap: £1.8B
For a thorough assessment of HILS stock, go to TipRanks’ Stock Analysis page.