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Hill & Smith Holdings ( (GB:HILS) ) has issued an announcement.
Hill & Smith PLC, a company involved in a £100 million share buyback program, announced the purchase and cancellation of 12,000 ordinary shares at a volume-weighted average price of 2,060.0488 pence per share. This transaction, conducted through Numis Securities Limited, is part of the company’s ongoing efforts to manage its share capital, reducing the total number of shares in issue to 80,199,477, which may impact shareholder value and market perception.
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: 207,644
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.65B
For detailed information about HILS stock, go to TipRanks’ Stock Analysis page.