3i Infrastructure (LON:3IN) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of 3i Infrastructure plc (LON:3IN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 363.36 and traded as high as GBX 390. 3i Infrastructure shares last traded at GBX 384.61, with a volume of 3,364,612 shares changing hands.

Wall Street Analysts Forecast Growth

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

3i Infrastructure Price Performance

The company has a 50-day moving average of GBX 377.75 and a 200-day moving average of GBX 363.47. The company has a debt-to-equity ratio of 15.26, a quick ratio of 0.57 and a current ratio of 0.85. The stock has a market cap of £3.50 billion, a price-to-earnings ratio of 11.88 and a beta of 0.50.

3i Infrastructure (LON:3IN) last posted its quarterly earnings data on Tuesday, May 12th. The company reported GBX 32 earnings per share for the quarter. 3i Infrastructure had a return on equity of 10.77% and a net margin of 92.78%.The company had revenue of £409 million during the quarter. As a group, equities research analysts predict that 3i Infrastructure plc will post 2039.0836962 earnings per share for the current year.

About 3i Infrastructure

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.