3i Infrastructure (LON:3IN) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of 3i Infrastructure plc (LON:3IN) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 359.88 and traded as low as GBX 342.50. 3i Infrastructure shares last traded at GBX 350.10, with a volume of 870,339 shares traded.

Analyst Upgrades and Downgrades

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 equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 450.

3i Infrastructure Stock Performance

The company’s 50-day simple moving average is GBX 358.61 and its 200-day simple moving average is GBX 359.88. The stock has a market capitalization of £3.23 billion, a price-to-earnings ratio of 7.64 and a beta of 0.50. The company has a current ratio of 0.85, a quick ratio of 0.57 and a debt-to-equity ratio of 15.26.

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.