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The latest announcement is out from HICL Infra Co Shs GBP ( (GB:HICL) ).
HICL Infrastructure PLC, a company involved in infrastructure investment, announced the repurchase of 258,431 of its ordinary shares as part of its share buyback programme. The shares were bought at a weighted average price of 120.4645 pence per share and will be held as treasury shares, impacting the total number of voting rights available to shareholders.
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: 3,271,875
Technical Sentiment Signal: Buy
For an in-depth examination of HICL stock, go to TipRanks’ Overview page.