HSBC Initiates Coverage on Hill & Smith (HILS)

Analysts at HSBC began coverage on shares of Hill & Smith (LON:HILS) in a research note issued to investors on Tuesday. The firm set a “buy” rating and a GBX 1,400 ($18.29) price target on the stock. HSBC’s price target indicates a potential upside of 24.78% from the company’s previous close.

Separately, Peel Hunt restated a “buy” rating on shares of Hill & Smith in a research report on Thursday, November 22nd.

Shares of LON HILS opened at GBX 1,122 ($14.66) on Tuesday. Hill & Smith has a 52-week low of GBX 1,130 ($14.77) and a 52-week high of GBX 1,480 ($19.34).

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, industrial platforms and flooring, glass reinforced composite railway platforms, flood prevention barriers, plastic drainage pipes, energy grid components, pipe supports, 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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