David Paul, Managing Director of VectorVest in the UK joined us to talk through stock picking fundamentals, technical analysis and more. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE

Berenberg raises target price on Hill & Smith

Wed, 26th May 2021 10:44

(Sharecast News) - Analysts at Berenberg hiked their target price on sustainable infrastructure and safe transport products developer Hill & Smith from 1,565.0p to 1,775.0p on Wednesday, citing some "improved messaging".
Berenberg said the next leg of growth was "well underway" at Hill & Smith, with stronger sales growth, higher margins, better portfolio management, and improved messaging all on the agenda.

The German bank stated there were "glimpses of all four elements" in Hill & Smith's Tuesday trading update, with January-April sales growth up 10% year-on-year, while the closing of the group's loss-making variable messaging sign business marking another standout positive.

"Yet there has also been a notable and positive change in the group's messaging over the past few months," said Berenberg, which also reiterated its 'buy' rating on the stock.

"With shares still undemanding - at 18.5x 2022 P/E for a 4.3% FCF yield - we remain hugely optimistic about the opportunity ahead."

Related Shares

More News

EXECUTIVE CHANGES: Watkin Jones hires chair and CFO; Sam Heath dies

EXECUTIVE CHANGES: Watkin Jones hires chair and CFO; Sam Heath dies

19 Jul 21 15:05

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

2 Jul 21 15:51

UK dividends calendar - next 7 days

UK dividends calendar - next 7 days

27 May 21 16:05

Wednesday broker round-up

(Sharecast News) - Croda: Goldman Sachs upgrades to buy with a target price of 8,000p.

26 May 21 13:54

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.