HSBC Initiates Coverage on Hill & Smith (HILS)

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

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

LON HILS opened at GBX 1,122 ($14.66) on Tuesday. Hill & Smith has a 12-month low of GBX 1,130 ($14.77) and a 12-month 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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