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HICL Infra Co Shs GBP ( (GB:HICL) ) has provided an announcement.
HICL Infrastructure PLC has announced the repurchase of 400,000 of its ordinary shares as part of its ongoing share buyback program. The shares were bought at a weighted average price of 116.9738 pence per share, with the highest price paid being 118.00 pence and the lowest at 114.60 pence. Following this transaction, HICL holds 116,449,162 shares in treasury, while the total number of shares in issue, excluding treasury shares, stands at 1,915,038,899. This move is part of HICL’s strategy to manage its capital structure and potentially enhance shareholder value.
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: 3,939,000
Technical Sentiment Signal: Hold
For a thorough assessment of HICL stock, go to TipRanks’ Stock Analysis page.