HICL Infrastructure PLC Executes Share Buyback of 417,179 Shares

HICL Infra Co Shs GBP ( (GB:HICL) ) has shared an update.

HICL Infrastructure PLC announced the purchase of 417,179 of its ordinary shares as part of its share buyback programme. The shares were acquired at a weighted average price of 117.5315 pence per share, with the highest price paid being 117.80 pence. Following this transaction, HICL holds a total of 112,646,116 ordinary shares in treasury, while the total number of voting rights remains at 1,918,841,945. This move is part of HICL’s strategy to manage its capital structure effectively, potentially enhancing shareholder value and maintaining its market position.

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

HICL Infrastructure PLC operates in the infrastructure investment sector, focusing on acquiring and managing a diversified portfolio of infrastructure projects. The company primarily invests in public-private partnership (PPP) projects, providing essential services and facilities across various sectors, including transportation, education, and healthcare.

Average Trading Volume: 3,388,130

Technical Sentiment Signal: Hold

See more data about HICL stock on TipRanks’ Stock Analysis page.