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

3i Infrastructure plc (LON:3IN)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 362.95 and traded as high as GBX 393.50. 3i Infrastructure shares last traded at GBX 393.50, with a volume of 611,318 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating on shares of 3i Infrastructure in a research report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 450.

3i Infrastructure Trading Up 0.6%

The firm has a market cap of £3.63 billion, a P/E ratio of 12.30 and a beta of 0.50. The firm’s fifty day moving average is GBX 374.80 and its two-hundred day moving average is GBX 362.95. The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 15.26.

3i Infrastructure (LON:3IN) last issued its quarterly earnings data on Tuesday, May 12th. The company reported GBX 32 earnings per share (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 for the quarter. Analysts predict that 3i Infrastructure plc will post 2039.0836962 earnings per share for the current fiscal year.

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.