3i Infrastructure (LON:3IN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

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 360.21 and traded as high as GBX 372.50. 3i Infrastructure shares last traded at GBX 368.50, with a volume of 1,009,465 shares traded.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “buy” rating on shares of 3i Infrastructure in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 450.

3i Infrastructure Price Performance

The company has a market capitalization of £3.40 billion, a PE ratio of 8.05 and a beta of 0.50. The company’s 50 day simple moving average is GBX 355.43 and its 200 day simple moving average is GBX 360.21. The company has a debt-to-equity ratio of 15.26, a current ratio of 0.85 and a quick ratio of 0.57.

3i Infrastructure (LON:3IN) last posted its quarterly earnings data on Tuesday, May 12th. The company reported GBX 32 EPS for the quarter. The firm had revenue of £409 million during the quarter. 3i Infrastructure had a return on equity of 10.77% and a net margin of 92.78%. As a group, sell-side analysts predict that 3i Infrastructure plc will post 2039.0836962 earnings per share 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.