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An announcement from Hill & Smith Holdings ( (GB:HILS) ) is now available.
Hill & Smith PLC, a company engaged in a £100m share buyback programme, has repurchased and canceled 12,000 of its ordinary shares at prices ranging from 2,065 to 2,120 pence per share. This transaction, executed through Numis Securities Limited, reduces the total number of shares in issue to 80,264,105, reflecting the company’s ongoing efforts to optimize its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:HILS) stock is a Buy with a £2650.00 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 strategic corporate actions like the share buyback program. While technical indicators show positive momentum, the overbought RSI suggests caution. The valuation is moderate, providing a balanced risk-reward profile.
To see Spark’s full report on GB:HILS stock, click here.
More about Hill & Smith Holdings
Average Trading Volume: 214,027
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.68B
For a thorough assessment of HILS stock, go to TipRanks’ Stock Analysis page.