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The latest announcement is out from HICL Infra Co Shs GBP ( (GB:HICL) ).
HICL Infrastructure PLC has repurchased 529,541 of its ordinary shares as part of its ongoing share buyback programme announced earlier in the year, at a weighted average price of 117.232 pence per share. Following this transaction, the company holds 126,540,581 shares in treasury and has 1,904,947,480 ordinary shares in issue excluding treasury shares, which also represents the updated total number of voting rights, providing investors with an adjusted reference point for regulatory disclosure thresholds and signaling continued active capital management by the group.
The most recent analyst rating on (GB:HICL) stock is a Buy with a £155.00 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.
HICL Infrastructure demonstrates strong financial stability with zero debt and effective cash flow management, which underpins its solid stock score. Strategic share buybacks further enhance shareholder value. However, technical indicators suggest caution due to potential overbought conditions, and the moderately high P/E ratio indicates potential overvaluation. The strong dividend yield offers an attractive investment proposition, balancing the risks.
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, providing investors with exposure to a diversified portfolio of infrastructure projects. The company’s shares trade in London and it utilizes capital management tools such as share buyback programmes to manage its equity base and enhance shareholder value.
Average Trading Volume: 5,777,731
Technical Sentiment Signal: Buy
For a thorough assessment of HICL stock, go to TipRanks’ Stock Analysis page.