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HICL Infra Co Shs GBP ( (GB:HICL) ) has provided an announcement.
HICL Infrastructure PLC has repurchased 250,000 of its own ordinary shares at a weighted average price of 120.60 pence per share via Investec Bank, and intends to hold these shares in treasury. Following this transaction, HICL now holds 128,485,581 shares in treasury, leaving 1,903,002,480 ordinary shares in issue and the same number of voting rights, a figure shareholders can use to assess disclosure obligations under FCA 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 UK-listed investment company focused on infrastructure assets, with its ordinary shares denominated in sterling. The company operates within the infrastructure investment sector, providing exposure to long-term, income-generating infrastructure projects for its shareholders.
Average Trading Volume: 5,577,878
Technical Sentiment Signal: Strong Buy
See more data about HICL stock on TipRanks’ Stock Analysis page.