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HICL Infra Co Shs GBP ( (GB:HICL) ) just unveiled an announcement.
HICL Infrastructure PLC has executed a share buyback, purchasing 425,000 of its ordinary shares at an average price of 119.9746 pence per share. This transaction is part of its ongoing share buyback program announced earlier in the year. The purchased shares will be held in treasury, affecting the total number of voting rights and shares in issue, which stakeholders can use to assess their holdings 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
HICL Infrastructure PLC operates within the infrastructure sector, focusing on investments in infrastructure projects. The company is known for its portfolio of essential infrastructure assets, which include public-private partnership projects and other infrastructure-related investments, primarily in the UK and Europe.
Average Trading Volume: 3,357,509
Technical Sentiment Signal: Buy
See more data about HICL stock on TipRanks’ Stock Analysis page.