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HICL Infra Co Shs GBP ( (GB:HICL) ) has issued an announcement.
HICL Infrastructure PLC, a company involved in infrastructure investments, announced the purchase of 410,000 of its ordinary shares as part of its share buyback programme. The shares were acquired at a weighted average price of 117.7843 pence per share. Following this transaction, HICL holds a total of 123,330,790 ordinary shares in treasury, with the total number of voting rights in the company being 1,908,157,271. This move is part of HICL’s strategy to manage its capital structure and may impact shareholder calculations under the FCA’s Disclosure and Transparency 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: 5,581,507
Technical Sentiment Signal: Buy
For a thorough assessment of HICL stock, go to TipRanks’ Stock Analysis page.