3i Infrastructure (LON:3IN) Reaches New 12-Month High – Here’s What Happened

3i Infrastructure plc (LON:3IN)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as GBX 394 and last traded at GBX 393.50, with a volume of 26455 shares traded. The stock had previously closed at GBX 393.50.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated 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, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 450.

3i Infrastructure Price Performance

The company has a debt-to-equity ratio of 15.26, a current ratio of 0.85 and a quick ratio of 0.57. The company has a market capitalization of £3.63 billion, a PE ratio of 12.29 and a beta of 0.50. The stock’s 50 day simple moving average is GBX 374.80 and its 200-day simple moving average is GBX 362.95.

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