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HICL Infra Co Shs GBP ( (GB:HICL) ) has shared an update.
HICL Infrastructure PLC, a company involved in infrastructure investments, announced the purchase of 307,459 of its own ordinary shares as part of a share buyback program. The shares were acquired at a weighted average price of 117.6351 pence each, with the highest price paid being 117.80 pence and the lowest at 117.20 pence. Following this transaction, HICL holds 124,557,384 ordinary shares in treasury, with the total number of voting rights in the company standing at 1,906,930,677. This move is part of HICL’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
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: 5,658,017
Technical Sentiment Signal: Buy
For an in-depth examination of HICL stock, go to TipRanks’ Overview page.