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An update from Hill & Smith Holdings ( (GB:HILS) ) is now available.
Hill & Smith PLC, a company engaged in a share buyback initiative, announced the purchase and cancellation of 12,000 ordinary shares as part of its £100 million share buyback program. This transaction, executed on the London Stock Exchange, reflects the company’s ongoing efforts to manage its share capital effectively. The cancellation of these shares reduces the total number of ordinary shares in issue to 79,770,835, indicating a strategic move to enhance shareholder value and optimize the company’s 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: 121,641
Technical Sentiment Signal: Buy
Current Market Cap: £1.7B
See more data about HILS stock on TipRanks’ Stock Analysis page.