3i Infrastructure (LON:3IN) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of 3i Infrastructure plc (LON:3IN) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 359.64 and traded as high as GBX 369.45. 3i Infrastructure shares last traded at GBX 365.15, with a volume of 22,908,465 shares trading hands.

Analysts Set New Price Targets

Several equities research analysts have issued reports on 3IN shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a GBX 450 price target on shares of 3i Infrastructure in a research note on Tuesday, January 27th. Jefferies Financial Group reaffirmed a “buy” rating on shares of 3i Infrastructure in a report on Wednesday, May 13th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, 3i Infrastructure has a consensus rating of “Buy” and a consensus target price of GBX 450.

3i Infrastructure Stock Performance

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’s fifty day moving average price is GBX 353.65 and its 200-day moving average price is GBX 359.77. The company has a market capitalization of £3.40 billion, a P/E ratio of 8.05 and a beta of 0.50.

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