hola1 Strategy Article | Financial News | Digital Look

Broker Recommendations

Berenberg ups target price on Hill and Smith

By Iain Gilbert

Date: Wednesday 20 Aug 2025

(Sharecast News) - Analysts at Berenberg raised their target price on construction and infrastructure products manufacturer Hill & Smith from 2,500p to 2,650p on Wednesday after the group reported "an encouraging set of H125 results" a week earlier.
Berenberg noted that H&S management had forecast full-year underlying earnings to be in line with consensus estimates, despite incremental FX headwinds given its US dollar exposure. Hill & Smith also announced a new £100m share buyback, along with a continued commitment to bolt-on mergers and acquisitions.

The German bank said Hill & Smith's key US engineered solutions division continued to show "good growth with good margins", particularly in its larger-platform composites and utilities businesses.

It also said its galvanising services arm was "progressing well", with good organic growth, while UK & India engineered solutions remained subdued, with the UK being "somewhat of a drag".

Berenberg, which has a 'buy' rating on the stock, highlighted that Hill & Smith shares currently trade on 15.4x FY26 price-to-earnings ratio, 9.3x EBITDA and 11.4x EBIT.





Reporting by Iain Gilbert at Sharecast.com

Article Archive

Free Membership To Digital Look

Discover the full range of Investor's Tools and Services from Digital Look - voted 'Best Research & Information Provider 2007' by Investors Chronicle.

Click here to see what you have free access to.

Top of Page