HICL Infrastructure Buys Back 175,000 Shares for Treasury Holding

An announcement from HICL Infra Co Shs GBP ( (GB:HICL) ) is now available.

HICL Infrastructure PLC has repurchased 175,000 of its ordinary shares at a weighted average price of 118.23 pence per share via Investec Bank plc and intends to hold these shares in treasury. Following this transaction, the company now holds 128,040,581 shares in treasury, leaving 1,903,447,480 ordinary shares in issue and voting rights, a figure shareholders can use when assessing disclosure thresholds under U.K. transparency 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, primarily investing in operational public-private partnership projects and other long-term, income-generating infrastructure in the U.K. and internationally. Its portfolio is designed to provide stable, inflation-linked returns to shareholders through diversified holdings across sectors such as transport, utilities and social infrastructure.

Average Trading Volume: 5,956,367

Technical Sentiment Signal: Buy

Find detailed analytics on HICL stock on TipRanks’ Stock Analysis page.