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Hill & Smith Holdings ( (GB:HILS) ) just unveiled an update.
Hill & Smith PLC has announced a transaction involving the purchase and cancellation of 12,000 ordinary shares as part of its ongoing £100 million share buyback program. This move, executed through Deutsche Bank AG, London Branch, reflects the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, which could potentially improve earnings per share and market perception.
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: 127,965
Technical Sentiment Signal: Buy
Current Market Cap: £1.8B
See more data about HILS stock on TipRanks’ Stock Analysis page.