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The latest announcement is out from HICL Infra Co Shs GBP ( (GB:HICL) ).
HICL Infrastructure PLC has announced a transaction involving the buyback of its own shares, in line with its share buyback programme initiated earlier this year. The company purchased 363,290 ordinary shares at an average price of 121.0989 pence per share, holding these shares in treasury. This move affects the total number of voting rights and shares in issue, which stakeholders may need to consider for regulatory notifications under the FCA’s 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
Average Trading Volume: 3,222,205
Technical Sentiment Signal: Buy
See more insights into HICL stock on TipRanks’ Stock Analysis page.