Sequoia Economic Infrastructure (LON:SEQI) Sets New 12-Month High – Still a Buy?

Sequoia Economic Infrastructure Inc (LON:SEQIGet Free Report)’s share price reached a new 52-week high on Wednesday . The stock traded as high as GBX 86 and last traded at GBX 85.80, with a volume of 3217545 shares trading hands. The stock had previously closed at GBX 84.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SEQI shares. Canaccord Genuity Group reissued a “hold” rating and set a GBX 81 target price on shares of Sequoia Economic Infrastructure in a research note on Tuesday, April 21st. Jefferies Financial Group restated a “buy” rating on shares of Sequoia Economic Infrastructure in a report on Friday, April 17th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 81.

Check Out Our Latest Stock Report on Sequoia Economic Infrastructure

Sequoia Economic Infrastructure Stock Up 1.4%

The business has a 50-day simple moving average of GBX 82.91 and a two-hundred day simple moving average of GBX 81.02. The company has a market cap of £1.26 billion, a price-to-earnings ratio of 12.58 and a beta of 0.73.

Sequoia Economic Infrastructure (LON:SEQIGet Free Report) last released its quarterly earnings results on Thursday, June 11th. The company reported GBX 6.83 earnings per share (EPS) for the quarter. Sequoia Economic Infrastructure had a return on equity of 7.39% and a net margin of 83.60%.The company had revenue of £126.69 million during the quarter.

About Sequoia Economic Infrastructure

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Sequoia Economic Infrastructure Income Fund Limited invests in a diversified portfolio of senior and subordinated economic infrastructure debt investments through its subsidiary Sequoia IDF Asset Holdings SA The Company operates through investment in senior and subordinated infrastructure debt instruments and related and/or similar assets segment. Its investment objective is to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments.

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