Sequoia Economic Infrastructure (LON:SEQI) Sets New 1-Year High – Here’s Why

Shares of Sequoia Economic Infrastructure Inc (LON:SEQI) hit a new 52-week high on Wednesday . The stock traded as high as GBX 85.30 and last traded at GBX 84.20, with a volume of 8489941 shares traded. The stock had previously closed at GBX 84.90.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Sequoia Economic Infrastructure in a report on Friday, April 17th. Canaccord Genuity Group reissued a “hold” rating and issued a GBX 81 price objective on shares of Sequoia Economic Infrastructure in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has given 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.

Sequoia Economic Infrastructure Stock Down 0.8%

The company has a market cap of £1.24 billion, a P/E ratio of 16.71 and a beta of 0.73. The firm’s 50 day moving average is GBX 80.96 and its two-hundred day moving average is GBX 80.08.

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

Sequoia Economic Infrastructure Company Profile

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.