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Davy Research

Hill & Smith

Momentum signal

Aug 15 2023, 08:10 IST/BST
Thomas Rands CFA
Company Report
14 page(s)

Sectors : Capital Goods

Companies : Hill & Smith

Ratings and price correct at time of issue.

Hill & Smith

Closing Price: 1724p
RATING 18/07/23
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

Thomas Rands CFA

Analyst

DAVY VIEW

Hill & Smith (HILS) has delivered record interim results with 20% organic EBITA growth, 17% ahead of our estimate. This strong momentum is allowing the Board to lift full-year guidance again. We upgrade our adjusted EPS by 6.8% in FY23E and by 5.4% in FY24E. We see scope for further upgrades and increase our price target to 2080p.

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Aug 15 2023, 08:10 IST/BST