3i Infrastructure (LON:3IN) Given Outperform Rating at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of 3i Infrastructure (LON:3IN) in a research report released on Tuesday morning, MarketBeat Ratings reports. The firm currently has a GBX 450 target price on the stock.

3i Infrastructure Stock Performance

Shares of 3i Infrastructure stock opened at GBX 374.56 on Tuesday. The stock has a market capitalization of £3.45 billion, a price-to-earnings ratio of 8.18 and a beta of 0.50. 3i Infrastructure has a 12 month low of GBX 296.02 and a 12 month high of GBX 387.50. 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 business has a 50-day moving average of GBX 371.53 and a 200 day moving average of GBX 359.67.

3i Infrastructure (LON:3IN) last announced its quarterly earnings data on Tuesday, November 11th. The company reported GBX 28 earnings per share for the quarter. 3i Infrastructure had a net margin of 92.78% and a return on equity of 10.77%. As a group, sell-side analysts forecast that 3i Infrastructure will post 2039.0836962 earnings per share for the current year.

Insider Activity at 3i Infrastructure

In other 3i Infrastructure news, insider Milton Fernandes purchased 6,927 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were bought at an average cost of GBX 360 per share, for a total transaction of £24,937.20. Also, insider Martin Magee bought 3,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were acquired at an average cost of GBX 367 per share, for a total transaction of £11,010. Insiders have bought a total of 19,927 shares of company stock valued at $7,354,720 over the last 90 days. 0.08% of the stock is owned by corporate insiders.

3i Infrastructure Company Profile

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.