HICL Infrastructure Buys Back 175,000 Shares for Treasury

The latest announcement is out from HICL Infra Co Shs GBP ( (GB:HICL) ).

HICL Infrastructure PLC has repurchased 175,000 of its ordinary shares at a weighted average price of 117.78 pence per share via Investec Bank, as part of its programme to buy back its own stock. Following this transaction, the company now holds 127,190,581 shares in treasury, leaving 1,904,297,480 ordinary shares in issue and an equal number of voting rights, a figure shareholders can use to assess disclosure thresholds under FCA rules, signalling continued active capital management but no change to total voting rights in the market.

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 UK-listed investment company focused on infrastructure assets, with its ordinary shares traded in sterling. It manages a diversified portfolio of infrastructure investments, overseen by InfraRed Capital Partners, and its stock is subject to UK regulatory and disclosure requirements for listed securities.

Average Trading Volume: 5,876,045

Technical Sentiment Signal: Buy

For detailed information about HICL stock, go to TipRanks’ Stock Analysis page.