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HICL Infra Co Shs GBP ( (GB:HICL) ) just unveiled an announcement.
HICL Infrastructure PLC has announced a transaction involving the buyback of its own shares as part of a share buyback program initiated earlier this year. The company purchased 730,000 ordinary shares at a weighted average price of 111.195 pence per share, with the highest price paid being 112.40 pence and the lowest 109.60 pence. Following this transaction, HICL holds over 118 million shares in treasury, while the total number of shares in issue, excluding treasury shares, stands at approximately 1.9 billion. 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: 4,778,765
Technical Sentiment Signal: Strong Sell
Learn more about HICL stock on TipRanks’ Stock Analysis page.