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Investing.com - Deutsche Bank raised its price target on Hill & Smith Holdings Plc. (LON:HILS) to GBP26.25 from GBP25.50 on Thursday, while maintaining a Buy rating on the infrastructure products company.
The price target increase follows Hill & Smith’s interim results, which exceeded Deutsche Bank’s expectations and demonstrated year-over-year margin improvement. The company also announced a £100 million share buyback program, which was both larger and earlier than anticipated.
Deutsche Bank noted that Hill & Smith’s outlook indicates continued momentum into the second half of the year, particularly in its larger U.S. platform businesses. The company maintained its full-year guidance despite facing stronger foreign exchange headwinds.
The investment bank expects Hill & Smith to continue benefiting from its high exposure to U.S. infrastructure growth, where long-term structural growth drivers remain intact. According to Deutsche Bank’s analysis, the stock trades at a revised December FY25E price-to-earnings ratio of 15.4x, reducing to 14.3x for FY26E.
Deutsche Bank’s maintained Buy rating reflects its expectation that Hill & Smith will continue its strong long-term shareholder return track record, supported by these growth factors.
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