HICL Infrastructure PLC Executes Share Buyback

HICL Infra Co Shs GBP ( (GB:HICL) ) just unveiled an announcement.

HICL Infrastructure PLC announced the repurchase of 431,000 of its ordinary shares as part of its share buyback programme. The shares were acquired at a weighted average price of 118.7421 pence, with the highest price paid being 119.60 pence and the lowest at 117.80 pence. Following this transaction, HICL holds 68,098,415 shares in treasury, with the total number of voting rights in the company standing at 1,963,389,646. This move is part of HICL’s strategy to manage its capital structure effectively and could potentially enhance shareholder value by reducing the number of shares in circulation.

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: 4,801,175

Technical Sentiment Signal: Hold

See more data about HICL stock on TipRanks’ Stock Analysis page.