3i Infrastructure (LON:3IN) Hits New 1-Year High – What’s Next?

3i Infrastructure plc (LON:3IN) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 389 and last traded at GBX 388, with a volume of 1306921 shares changing hands. The stock had previously closed at GBX 383.

Wall Street Analysts Forecast Growth

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

3i Infrastructure Stock Performance

The company has a market capitalization of £3.56 billion, a price-to-earnings ratio of 12.08 and a beta of 0.50. The company has a 50 day moving average price of GBX 370.02 and a 200 day moving average price of GBX 361.63. 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 quarterly earnings results on Tuesday, May 12th. The company reported GBX 32 earnings per share for the quarter. The business had revenue of £409 million for the quarter. 3i Infrastructure had a return on equity of 10.77% and a net margin of 92.78%. Equities research analysts predict that 3i Infrastructure plc will post 2039.0836962 earnings per share for the current fiscal year.

About 3i Infrastructure

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.