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The latest announcement is out from HICL Infra Co Shs GBP ( (GB:HICL) ).
HICL Infrastructure PLC has executed a share buyback, acquiring 370,874 ordinary shares at an average price of 116.77 pence per share. This transaction is part of its ongoing share buyback program, and the purchased shares will be held in treasury, impacting the number of voting rights and potentially affecting shareholder calculations under FCA rules.
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
Average Trading Volume: 5,344,294
Technical Sentiment Signal: Buy
Learn more about HICL stock on TipRanks’ Stock Analysis page.