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HICL Infra Co Shs GBP ( (GB:HICL) ) has shared an update.
HICL Infrastructure PLC has repurchased 150,000 of its ordinary shares as part of its ongoing share buyback programme, paying a weighted average price of 117.55 pence per share via Investec Bank. Following this transaction, the company holds 126,865,581 shares in treasury and has 1,904,622,480 ordinary shares in issue excluding treasury shares, which now also represents the total number of voting rights for the purposes of shareholder disclosure under UK regulatory rules.
The most recent analyst rating on (GB:HICL) stock is a Buy with a £132.00 price target. To see the full list of analyst forecasts on HICL Infra Co Shs GBP stock, see the GB:HICL Stock Forecast page.
Spark’s Take on GB:HICL Stock
According to Spark, TipRanks’ AI Analyst, GB:HICL is a Outperform.
The score is driven primarily by solid financial quality (debt-free balance sheet, strong cash generation) but tempered by weaker recent revenue/earnings momentum. Technical indicators are broadly neutral, valuation is supported by a high dividend yield but not clearly discounted on P/E, and recent corporate actions (buybacks and the proposed TRIG merger) add a positive tilt.
To see Spark’s full report on GB:HICL stock, click here.
More about HICL Infra Co Shs GBP
HICL Infrastructure PLC is a London-listed investment company focused on infrastructure assets, investing primarily in operational social and transportation infrastructure projects. The company offers shareholders exposure to a diversified portfolio of long-term, income-generating infrastructure investments, with its shares traded in sterling on the London Stock Exchange.
Average Trading Volume: 6,136,791
Technical Sentiment Signal: Buy
See more insights into HICL stock on TipRanks’ Stock Analysis page.