3i Infrastructure (LON:3IN) Reaches New 12-Month High – Here’s What Happened

3i Infrastructure plc (LON:3IN) shares reached a new 52-week high during trading on Thursday . The company traded as high as GBX 394 and last traded at GBX 393.50, with a volume of 26455 shares changing hands. The stock had previously closed at GBX 393.50.

Wall Street Analysts Forecast Growth

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

3i Infrastructure Stock Down 0.0%

The stock has a market capitalization of £3.63 billion, a price-to-earnings ratio of 12.29 and a beta of 0.50. The business has a 50-day moving average of GBX 374.80 and a 200-day moving average of GBX 362.95. The company has a debt-to-equity ratio of 15.26, a quick ratio of 0.57 and a current ratio of 0.85.

3i Infrastructure (LON:3IN) last posted its earnings results on Tuesday, May 12th. The company reported GBX 32 EPS for the quarter. The company had revenue of £409 million for the quarter. 3i Infrastructure had a net margin of 92.78% and a return on equity of 10.77%. On average, sell-side analysts expect that 3i Infrastructure plc will post 2039.0836962 EPS for the current 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.