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An announcement from Hill & Smith Holdings ( (GB:HILS) ) is now available.
Hill & Smith PLC has executed a purchase of 12,000 ordinary shares at prices ranging from 2,225 to 2,245 pence per share as part of its £100 million share buyback program. This transaction, conducted through Deutsche Bank AG, London Branch, reflects the company’s ongoing efforts to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
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: 123,005
Technical Sentiment Signal: Buy
Current Market Cap: £1.78B
For a thorough assessment of HILS stock, go to TipRanks’ Stock Analysis page.