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Hill & Smith PLC Advances Share Buyback Program

Story Highlights
  • Hill & Smith PLC operates in infrastructure and construction, offering engineered products.
  • The company bought back 12,000 shares to enhance shareholder value and market position.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hill & Smith PLC Advances Share Buyback Program

TipRanks Cyber Monday Sale

An update from Hill & Smith Holdings ( (GB:HILS) ) is now available.

Hill & Smith PLC has announced the purchase and cancellation of 12,000 ordinary shares as part of its ongoing £100 million share buyback program. This transaction, executed through Deutsche Bank AG, is part of the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share and strengthening its market position.

The most recent analyst rating on (GB:HILS) stock is a Buy with a £2530.00 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

Hill & Smith PLC operates in the infrastructure and construction industry, focusing on the production of engineered products and galvanizing services. The company is known for its market presence in providing safety barriers, lighting columns, and other infrastructure-related products.

Average Trading Volume: 127,748

Technical Sentiment Signal: Buy

Current Market Cap: £1.8B

Learn more about HILS stock on TipRanks’ Stock Analysis page.

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