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Hill & Smith Holdings ( (GB:HILS) ) has shared an update.
Hill & Smith PLC, a company involved in a share buyback program, announced the purchase and cancellation of 12,000 ordinary shares from Deutsche Bank AG as part of its £100 million share buyback initiative. This transaction, executed on the London Stock Exchange, reduces the total number of shares in issue to 79,722,159, with a cumulative total of 795,360 shares bought back under the program. The buyback is part of the company’s strategy to enhance shareholder value and optimize its capital structure.
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
Average Trading Volume: 129,159
Technical Sentiment Signal: Buy
Current Market Cap: £1.8B
For a thorough assessment of HILS stock, go to TipRanks’ Stock Analysis page.