3i Infrastructure (LON:3IN) Stock Price Passes Below 200 Day Moving Average – What’s Next?

3i Infrastructure plc (LON:3IN)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 358.30 and traded as low as GBX 332. 3i Infrastructure shares last traded at GBX 333.50, with a volume of 829,720 shares changing hands.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 450 target price on shares of 3i Infrastructure in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 450.

3i Infrastructure Stock Up 2.2%

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 50 day moving average price of GBX 345.83 and a 200 day moving average price of GBX 358.30. The company has a market cap of £3.15 billion, a P/E ratio of 7.45 and a beta of 0.50.

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.