Royal Bank Of Canada Reiterates Outperform Rating for 3i Infrastructure (LON:3IN)

3i Infrastructure (LON:3IN)‘s stock had its “outperform” rating reissued by equities researchers at Royal Bank Of Canada in a research report issued on Tuesday, Marketbeat Ratings reports. They presently have a GBX 450 price objective on the stock. Royal Bank Of Canada’s price target points to a potential upside of 20.81% from the company’s previous close.

3i Infrastructure Trading Down 0.7%

Shares of LON 3IN opened at GBX 372.50 on Tuesday. 3i Infrastructure has a fifty-two week low of GBX 296.02 and a fifty-two week high of GBX 387.50. The company has a debt-to-equity ratio of 15.26, a current ratio of 0.85 and a quick ratio of 0.57. The firm has a market capitalization of £3.44 billion, a P/E ratio of 8.13 and a beta of 0.50. The company’s 50 day simple moving average is GBX 371.85 and its 200 day simple moving average is GBX 359.76.

3i Infrastructure (LON:3IN) last announced its quarterly earnings results on Tuesday, November 11th. The company reported GBX 28 earnings per share for the quarter. 3i Infrastructure had a net margin of 92.78% and a return on equity of 10.77%. On average, analysts predict that 3i Infrastructure will post 2039.0836962 EPS for the current year.

Insiders Place Their Bets

In other 3i Infrastructure news, insider Martin Magee purchased 3,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was acquired at an average price of GBX 367 per share, with a total value of £11,010. Also, insider Lisa Gordon acquired 10,000 shares of 3i Infrastructure stock in a transaction on Wednesday, November 12th. The shares were bought at an average cost of GBX 376 per share, with a total value of £37,600. Over the last three months, insiders have bought 19,927 shares of company stock valued at $7,354,720. 0.08% of the stock is currently owned by corporate insiders.

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.