3i Infrastructure (LON:3IN) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of 3i Infrastructure plc (LON:3IN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 362.95 and traded as high as GBX 393.50. 3i Infrastructure shares last traded at GBX 393.50, with a volume of 611,318 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued a “buy” rating on shares of 3i Infrastructure in a research note on Friday, June 26th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 450.

3i Infrastructure Price Performance

The business’s fifty day moving average is GBX 375.26 and its two-hundred day moving average is GBX 363.02. The stock has a market cap of £3.56 billion, a price-to-earnings ratio of 12.05 and a beta of 0.50. The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 15.26.

3i Infrastructure (LON:3IN) last released its earnings results on Tuesday, May 12th. The company reported GBX 32 earnings per share (EPS) for the quarter. 3i Infrastructure had a net margin of 92.78% and a return on equity of 10.77%. The company had revenue of £409 million for the quarter. Equities analysts forecast that 3i Infrastructure plc will post 2039.0836962 earnings per share for the current fiscal year.

3i Infrastructure Company Profile

3i Infrastructure plc is a Jersey-incorporated, closed-ended investment company, an approved UK Investment Trust, listed on the London Stock Exchange and regulated by the Jersey Financial Services Commission. The Company’s purpose is to deliver a long-term sustainable return to shareholders from investing in infrastructure.

3i Investments plc, a wholly-owned subsidiary of 3i Group plc, is authorised and regulated in the UK by the Financial Conduct Authority and acts as Investment Manager to 3i Infrastructure plc.