HICL Infrastructure Executes Share Buyback

The latest announcement is out from HICL Infra Co Shs GBP ( (GB:HICL) ).

HICL Infrastructure PLC has executed a share buyback as part of its ongoing program, purchasing 151,989 ordinary shares at a weighted average price of 112.1084 pence each. This transaction, facilitated by RBC Europe Limited, leaves HICL with 65,922,457 shares held in treasury, impacting the total number of voting rights available to shareholders.

The most recent analyst rating on (GB:HICL) stock is a Buy with a £1.60 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: 4,772,827

Technical Sentiment Signal: Strong Sell

For detailed information about HICL stock, go to TipRanks’ Stock Analysis page.