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The latest update is out from HICL Infra Co Shs GBP ( (GB:HICL) ).
HICL Infrastructure PLC announced the purchase of 410,754 of its own ordinary shares as part of its share buyback program. The shares were acquired at a weighted average price of 112.8477 pence per share through RBC Europe Limited. Following this transaction, HICL holds over 120 million shares in treasury, impacting the total number of voting rights available to shareholders.
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 infrastructure projects primarily in the UK and other developed markets. The company is known for its diversified portfolio, which includes investments in sectors such as transportation, energy, and social infrastructure.
Average Trading Volume: 5,189,210
Technical Sentiment Signal: Sell
See more insights into HICL stock on TipRanks’ Stock Analysis page.