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HICL Infra Co Shs GBP ( (GB:HICL) ) has shared an announcement.
HICL Infrastructure PLC has executed a share buyback, purchasing 422,546 of its ordinary shares at a weighted average price of 117.813 pence per share, as part of its previously announced buyback program. This transaction, conducted through RBC Europe Limited, results in HICL holding 124,979,930 shares in treasury, with the total number of shares in issue, excluding treasury shares, standing at 1,906,508,131. The buyback is a strategic move that could impact shareholder value and market perception, aligning with HICL’s capital management strategy.
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: 5,660,919
Technical Sentiment Signal: Buy
See more insights into HICL stock on TipRanks’ Stock Analysis page.