Key Points
- Insider Dana Tobak bought 60,000 Helios Towers shares at GBX 221 each, spending £132,600.
- The company has authorized a share buyback of up to £130.86 million, equivalent to 6.2% of its shares.
- Analysts maintain a collective “Buy” rating, with an average price target of GBX 305; recent targets range from GBX 290 to GBX 315.
Helios Towers plc (LON:HTWS - Get Free Report) insider Dana Tobak acquired 60,000 shares of Helios Towers stock in a transaction on Friday, November 6th. The shares were purchased at an average cost of GBX 221 per share, for a total transaction of £132,600.
Helios Towers Stock Up 1.9%
Shares of HTWS opened at GBX 224.70 on Tuesday. The firm has a market capitalization of £2.27 billion, a price-to-earnings ratio of 93.62 and a beta of 1.11. The company has a debt-to-equity ratio of 5,608.54, a quick ratio of 1.97 and a current ratio of 1.22. The business's fifty day moving average price is GBX 210.01 and its two-hundred day moving average price is GBX 203.49. Helios Towers plc has a 52 week low of GBX 150 and a 52 week high of GBX 247.60.
Helios Towers declared that its board has initiated a share repurchase plan on Thursday, September 17th that allows the company to buy back £130.86 million in shares. This buyback authorization allows the company to buy up to 6.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company's management believes its stock is undervalued.
Analysts Set New Price Targets
Several equities research analysts have recently commented on HTWS shares. Jefferies Financial Group reiterated a "buy" rating and set a GBX 315 price target on shares of Helios Towers in a research report on Thursday, November 5th. Berenberg Bank increased their price objective on shares of Helios Towers from GBX 295 to GBX 310 and gave the company a "buy" rating in a report on Thursday, November 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Helios Towers from GBX 285 to GBX 290 and gave the company a "buy" rating in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of GBX 305.
View Our Latest Report on Helios Towers
Helios Towers Company Profile
(
Get Free Report)
Helios Towers is a leading independent telecommunications infrastructure company, having established one of the most extensive tower portfolios across Africa and the Middle East. It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.
Helios Towers owns and operates telecommunication tower sites in Tanzania, Democratic Republic of Congo, Congo Brazzaville, Ghana, South Africa, Senegal, Madagascar, Malawi and Oman.
Helios Towers pioneered the model in Africa of buying towers that were held by single operators and providing services utilising the tower infrastructure to the seller and other operators.
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