3i Infrastructure (LON:3IN) Shares Pass Below 200 Day Moving Average – What’s Next?

3i Infrastructure plc (LON:3IN)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 359.56 and traded as low as GBX 331.50. 3i Infrastructure shares last traded at GBX 334.64, with a volume of 2,445,287 shares traded.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 450 price objective 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, 3i Infrastructure presently has an average rating of “Buy” and an average price target of GBX 450.

3i Infrastructure Price Performance

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 market capitalization of £3.09 billion, a PE ratio of 7.31 and a beta of 0.50. The company’s fifty day simple moving average is GBX 353.73 and its two-hundred day simple moving average is GBX 359.56.

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.