Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Hill & Smith Holdings ( (GB:HILS) ) has provided an announcement.
Hill & Smith PLC, a company engaged in a share buyback program, announced the purchase and cancellation of 12,000 ordinary shares as part of its £100 million buyback initiative. This transaction, conducted through Numis Securities Limited, is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value. The cancellation of these shares reduces the total number of shares in issue to 79,973,793, reflecting the company’s ongoing commitment to its buyback program, which has seen a total of 536,067 shares repurchased to date.
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: 176,631
Technical Sentiment Signal: Buy
Current Market Cap: £1.76B
Find detailed analytics on HILS stock on TipRanks’ Stock Analysis page.