3i Infrastructure (LON:3IN) Shares Cross Above 200-Day Moving Average – Here’s Why

3i Infrastructure plc (LON:3IN)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 358.23 and traded as high as GBX 362. 3i Infrastructure shares last traded at GBX 359, with a volume of 3,142,833 shares traded.

Analysts Set New Price Targets

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

3i Infrastructure Price Performance

The firm has a market capitalization of £3.31 billion, a price-to-earnings ratio of 7.84 and a beta of 0.50. The company has a fifty day moving average price of GBX 344.94 and a two-hundred day moving average price of GBX 358.23. The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 15.26.

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.