3i Infrastructure (LON:3IN) Stock Passes Above 200 Day Moving Average – What’s Next?

3i Infrastructure plc (LON:3IN)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 362.95 and traded as high as GBX 393.50. 3i Infrastructure shares last traded at GBX 393.50, with a volume of 611,318 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reiterated 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, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 450.

3i Infrastructure Trading Up 0.6%

The stock has a 50-day moving average of GBX 374.80 and a two-hundred day moving average of GBX 362.95. The company has a market cap of £3.63 billion, a P/E ratio of 12.30 and a beta of 0.50. 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 released its earnings results on Tuesday, May 12th. The company reported GBX 32 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, equities research analysts predict that 3i Infrastructure plc will post 2039.0836962 earnings per share for the current 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.