Insider Buying: Helios Towers (LON:HTWS) Insider Purchases £132,600 in Stock

Helios Towers plc (LON:HTWS) insider Dana Tobak purchased 60,000 shares of the company’s stock in a transaction on Friday, November 6th. The stock was purchased at an average price of GBX 221 per share, with a total value of £132,600.

Helios Towers Stock Up 1.8%

Shares of HTWS stock opened at GBX 233.82 on Thursday. The company has a debt-to-equity ratio of 5,608.54, a current ratio of 1.22 and a quick ratio of 1.97. Helios Towers plc has a one year low of GBX 150 and a one year high of GBX 247.60. The company’s fifty day moving average price is GBX 211.29 and its 200-day moving average price is GBX 204.14. The company has a market capitalization of £2.36 billion, a price-to-earnings ratio of 97.42 and a beta of 1.11.

Helios Towers announced that its board has initiated a stock repurchase program on Thursday, September 17th that allows the company to repurchase £130.86 million in outstanding shares. This buyback authorization allows the company to repurchase up to 6.2% of its shares through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

HTWS has been the subject of a number of research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 315 price objective on shares of Helios Towers in a report on Thursday, November 5th. Berenberg Bank boosted their target price on shares of Helios Towers from GBX 295 to GBX 310 and gave the stock a “buy” rating in a report on Thursday, November 5th. Finally, Deutsche Bank upped their target price on shares of Helios Towers from GBX 285 to GBX 290 and gave the stock a “buy” rating in a research report on Friday, November 6th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 305.

About Helios Towers

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.