HICL Infrastructure Executes Share Buyback Program

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

HICL Infrastructure PLC has executed a share buyback, purchasing 470,533 of its ordinary shares at a weighted average price of 120.1105 pence per share. This transaction is part of a previously announced share buyback program, and the purchased shares will be held in treasury, impacting the total voting rights and shares in issue for the company.

The most recent analyst rating on (GB:HICL) stock is a Buy with a £1.60 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 industry, focusing on acquiring and managing a diversified portfolio of infrastructure projects. The company primarily invests in public-private partnership projects and seeks to deliver stable, long-term returns to its stakeholders.

Average Trading Volume: 4,797,808

Technical Sentiment Signal: Buy

Find detailed analytics on HICL stock on TipRanks’ Stock Analysis page.