Sequoia Economic Infrastructure (LON:SEQI) Reaches New 1-Year High – Here’s What Happened

Sequoia Economic Infrastructure Inc (LON:SEQI)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 85.30 and last traded at GBX 84.20, with a volume of 8489941 shares trading hands. The stock had previously closed at GBX 84.90.

Wall Street Analysts Forecast Growth

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

Sequoia Economic Infrastructure Stock Down 0.8%

The stock has a market cap of £1.24 billion, a P/E ratio of 16.71 and a beta of 0.73. The firm has a 50 day simple moving average of GBX 80.96 and a 200-day simple moving average of GBX 80.08.

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

About Sequoia Economic Infrastructure

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.