3i Infrastructure (LON:3IN) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

3i Infrastructure plc (LON:3IN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 363.36 and traded as high as GBX 390. 3i Infrastructure shares last traded at GBX 384.61, with a volume of 3,364,612 shares changing hands.

Analysts Set New Price Targets

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

3i Infrastructure Stock Up 0.1%

The firm’s 50-day simple moving average is GBX 377.52 and its 200 day simple moving average is GBX 363.36. 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 company has a market cap of £3.56 billion, a P/E ratio of 12.06 and a beta of 0.50.

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