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An announcement from HICL Infra Co Shs GBP ( (GB:HICL) ) is now available.
HICL Infrastructure PLC has executed a share buyback program, acquiring 395,317 of its ordinary shares at an average price of 117.1297 pence per share. This transaction is part of a previously announced program, and the purchased shares will be held as treasury shares, affecting the total number of voting rights and share calculations for stakeholders.
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: 3,845,377
Technical Sentiment Signal: Hold
Learn more about HICL stock on TipRanks’ Stock Analysis page.