Hill & Smith (HILS) Rating Lowered to Hold at Berenberg Bank

Hill & Smith (LON:HILS) was downgraded by analysts at Berenberg Bank to a “hold” rating in a report released on Friday. They presently have a GBX 1,190 ($15.40) target price on the stock, down from their prior target price of GBX 1,610 ($20.84). Berenberg Bank’s price target suggests a potential upside of 9.88% from the company’s current price.

A number of other equities research analysts have also issued reports on HILS. Peel Hunt reissued a “buy” rating on shares of Hill & Smith in a research note on Thursday, May 10th. Numis Securities lowered Hill & Smith to a “hold” rating and set a GBX 1,450 ($18.77) price target for the company. in a research note on Thursday, May 17th.

Shares of HILS stock opened at GBX 1,083 ($14.02) on Friday. Hill & Smith has a 52-week low of GBX 1,130 ($14.63) and a 52-week high of GBX 1,480 ($19.16).

In related news, insider Derek W. Muir sold 1,686 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of GBX 1,179 ($15.26), for a total transaction of £19,877.94 ($25,731.96). Also, insider Mark Pegler sold 4,225 shares of the firm’s stock in a transaction that occurred on Tuesday, June 5th. The stock was sold at an average price of GBX 1,416 ($18.33), for a total value of £59,826 ($77,444.66).

Hill & Smith Company Profile

Hill & Smith Holdings PLC designs, manufactures, and supplies infrastructure products; and provides galvanizing services. The company operates in three segments: Infrastructure Products?Utilities; Infrastructure Products-Roads; and Galvanizing Services segments. The Infrastructure Products?Utilities segment provides industrial floorings, plastic drainage pipes, security fencing, pipe supports, energy grid components, GRP railway platforms, flood prevention barriers, handrails, access covers, and steel and composite products for a range of infrastructure markets, including energy creation and distribution, rail, water, and house building.

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