HICL Infrastructure Company Limited (HICL) Earns “Neutral” Rating from Macquarie
HICL Infrastructure Company Limited (LON:HICL)‘s stock had its “neutral” rating reiterated by equities researchers at Macquarie in a research note issued to investors on Wednesday. They presently have a GBX 165 ($2.04) price objective on the stock. Macquarie’s price target would indicate a potential downside of 3.45% from the stock’s previous close.
HICL Infrastructure Company Limited (LON:HICL) opened at 170.90 on Wednesday. The firm has a 50-day moving average price of GBX 1.45 and a 200-day moving average price of GBX 1.43. HICL Infrastructure Company Limited has a 52 week low of GBX 149.90 and a 52 week high of GBX 185.50.
The company also recently declared a dividend, which was paid on Friday, September 30th. Investors of record on Thursday, August 25th were issued a GBX 1.91 ($0.02) dividend. This is a positive change from HICL Infrastructure Company Limited’s previous dividend of $1.87. The ex-dividend date was Thursday, August 25th. This represents a dividend yield of 1.12%.
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About HICL Infrastructure Company Limited
HICL Infrastructure Company Limited (HICL) is a closed-ended investment company. The Company’s primary objective is investing and managing the assets with a view to spreading or otherwise managing investment risk. Its objective is to invest in funds in a portfolio of lower risk, operational, infrastructure projects to earn returns, as well as capital growth.
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