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HICL Infra Co Shs GBP ( (GB:HICL) ) just unveiled an announcement.
HICL Infrastructure PLC has announced a share buyback transaction, purchasing 567,408 of its ordinary shares at a weighted average price of 118.8163 pence. This move is part of its ongoing share buyback programme initiated earlier this year. The company now holds over 113 million shares in treasury, with the total number of voting rights standing at approximately 1.918 billion. This transaction is likely to impact the company’s share liquidity 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: 3,568,264
Technical Sentiment Signal: Hold
See more data about HICL stock on TipRanks’ Stock Analysis page.