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International Public Partnerships ( (GB:INPP) ) has provided an update.
International Public Partnerships Limited has repurchased 250,000 of its ordinary shares on the London Stock Exchange, with prices ranging from 121.0 to 122.2 GBp per share, and will hold these shares in treasury. This transaction increases the company’s treasury holdings to 62,605,000 shares, while the total number of shares in issue, excluding treasury shares, stands at 1,848,638,132. This move reflects the company’s ongoing strategy to manage its share capital effectively, potentially enhancing shareholder value and maintaining its market position.
The most recent analyst rating on (GB:INPP) stock is a Hold with a £1.43 price target. To see the full list of analyst forecasts on International Public Partnerships stock, see the GB:INPP Stock Forecast page.
Spark’s Take on GB:INPP Stock
According to Spark, TipRanks’ AI Analyst, GB:INPP is a Neutral.
International Public Partnerships Limited demonstrates a solid financial foundation with a strong balance sheet and consistent cash flow generation. However, significant challenges in revenue growth and profitability weigh on its performance. The valuation suggests caution due to a high P/E ratio, but the high dividend yield offers some compensation. Recent corporate actions, such as share buybacks, bolster confidence in future prospects. Overall, the stock’s performance reflects a need for cautious optimism, balancing strengths in financial stability with concerns about profitability and valuation.
To see Spark’s full report on GB:INPP stock, click here.
More about International Public Partnerships
International Public Partnerships (INPP) is a listed infrastructure investment company focused on global public infrastructure projects and businesses that address societal and environmental needs. The company invests in a diverse portfolio including utility and transmission, transport, education, health, justice, and digital infrastructure across the UK, Europe, Australia, New Zealand, and North America. INPP aims to provide shareholders with long-term yield and capital growth, with Amber Fund Management Limited serving as its investment adviser.
Average Trading Volume: 5,175,621
Technical Sentiment Signal: Buy
Learn more about INPP stock on TipRanks’ Stock Analysis page.