Sequoia Economic Infrastructure (LON:SEQI) Sets New 52-Week High – Time to Buy?

Sequoia Economic Infrastructure Inc (LON:SEQIGet Free Report) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 86 and last traded at GBX 85.80, with a volume of 3217545 shares. The stock had previously closed at GBX 84.70.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of Sequoia Economic Infrastructure in a research note on Friday, April 17th. Canaccord Genuity Group reissued a “hold” rating and set a GBX 81 target price on shares of Sequoia Economic Infrastructure in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 81.

Read Our Latest Stock Analysis on Sequoia Economic Infrastructure

Sequoia Economic Infrastructure Stock Performance

The stock has a market cap of £1.26 billion, a P/E ratio of 12.58 and a beta of 0.73. The firm has a 50 day moving average of GBX 82.91 and a two-hundred day moving average of GBX 81.02.

Sequoia Economic Infrastructure (LON:SEQIGet Free Report) last issued its quarterly earnings results on Thursday, June 11th. The company reported GBX 6.83 EPS for the quarter. The company had revenue of £126.69 million for the quarter. Sequoia Economic Infrastructure had a return on equity of 7.39% and a net margin of 83.60%.

Sequoia Economic Infrastructure Company Profile

(Get Free Report)

Sequoia Economic Infrastructure Income Fund Limited invests in a diversified portfolio of senior and subordinated economic infrastructure debt investments through its subsidiary Sequoia IDF Asset Holdings SA The Company operates through investment in senior and subordinated infrastructure debt instruments and related and/or similar assets segment. Its investment objective is to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments.

Recommended Stories

Receive News & Ratings for Sequoia Economic Infrastructure Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sequoia Economic Infrastructure and related companies with MarketBeat.com's FREE daily email newsletter.