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Hill & Smith PLC Amends Share Buyback Transaction Details

Story Highlights
  • Hill & Smith PLC corrected its share buyback report, confirming 12,000 shares purchased.
  • The transaction is part of a £100 million buyback program, enhancing shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Hill & Smith PLC Amends Share Buyback Transaction Details

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The latest update is out from Hill & Smith Holdings ( (GB:HILS) ).

Hill & Smith PLC announced an amendment to a previous transaction report, clarifying that it purchased 12,000 ordinary shares for cancellation, not 4,367 as previously stated. This transaction is part of its £100 million share buyback program, reflecting the company’s commitment to returning value to shareholders and potentially enhancing its stock value in the market.

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

See more data about HILS stock on TipRanks’ Stock Analysis page.

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