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Hill & Smith PLC Advances Share Buyback with Recent Share Cancellation

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Hill & Smith PLC Advances Share Buyback with Recent Share Cancellation

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An update from Hill & Smith Holdings ( (GB:HILS) ) is now available.

Hill & Smith PLC, a company involved in a £100 million share buyback program, has repurchased and canceled 12,000 ordinary shares at prices ranging from 2,055 to 2,090 pence per share. This transaction, part of their ongoing buyback initiative, reduces the total number of shares in circulation to 80,362,426, reflecting the company’s commitment to enhancing shareholder value.

The most recent analyst rating on (GB:HILS) stock is a Buy with a £26.50 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: 210,206

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.71B

For detailed information about HILS stock, go to TipRanks’ Stock Analysis page.

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