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Hill & Smith Holdings ( (GB:HILS) ) has provided an update.
Hill & Smith PLC has announced the purchase and cancellation of 13,000 ordinary shares as part of its ongoing £100 million share buyback program. This transaction, conducted through Numis Securities Limited, is part of the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, potentially increasing the value of remaining shares.
The most recent analyst rating on (GB:HILS) stock is a Buy with a £2650.00 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: 179,675
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.69B
For a thorough assessment of HILS stock, go to TipRanks’ Stock Analysis page.