Industrial Engineering (2750)

14,461.75
   
  • 52 Week High: 15,243.35
  • 52 Week Low: 11,789.32

Berenberg raises target price on Hill & Smith following 'impressive' H1 results

By Iain Gilbert

Date: Thursday 12 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Berenberg hiked their target price on infrastructure group Hill & Smith from 1,775.0p to 1,995.0p on Thursday following the firm's "impressive" interim results.
Berenberg said Hill & Smith offered "a package of intrinsic and extrinsic drivers" that it believes will enable the firm to deliver higher sales growth, improved profitability, better portfolio management and a stronger environmental, social, and governance story in coming years.

In moving its target price on the stock higher, the German bank cited Hill & Smith's record sales and operating profits in the first half of its current trading year, strategic developments like its recent portfolio realignment and an "attractive medium-term outlook" as a result of the US government's landmark infrastructure bill).

"There is a positive outlook for private and public infrastructure spending (roads, in particular) and we think Hill & Smith has an opportunity to extend its product range and enter new markets that offer a strong macro backdrop and regulatory drivers," said Berenberg, which stood by its 'buy' rating on the stock.

"Covid-19 has clearly affected near-term sales, but we are confident that Hill & Smith will deliver a much improved performance in FY 2021."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are end of day values only.

 

Price Data

Price 14,461.75
Closing Price Change -19.60
% Change -0.14 %
28-Mar-24 Close 14,461.75

Top Risers

Price Change
TAN 4.05p +5.2%
GMR 36.00p +4.3%
XAR 106.00p +3.4%
RNO 37.50p +1.4%
FLO 82.00p +1.0%
REDD 381.50p +0.9%
HILS 1,956.00p +0.8%
SML 0.25p +0.8%
VID 289.00p +0.7%
ROR 328.80p +0.6%

Top Fallers

Price Change
BIOM 95.00p -5.0%
LST 2.60p -3.7%
PRES 40.50p -3.6%
CMH 1.65p -2.9%
CGS 331.00p -1.5%
ABDP 1,685.00p -1.5%
JDG 10,200.00p -1.0%
SPX 10,050.00p -0.5%
RHIM 3,532.00p -0.4%
MPAC 455.00p -0.2%

Top of Page