3i Infrastructure (LON:3IN) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of 3i Infrastructure plc (LON:3IN) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 359.91 and traded as low as GBX 338.50. 3i Infrastructure shares last traded at GBX 343.50, with a volume of 1,062,147 shares.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada reaffirmed an “outperform” rating and set a GBX 450 price target on shares of 3i Infrastructure in a report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, 3i Infrastructure has an average rating of “Buy” and an average target price of GBX 450.

3i Infrastructure Stock Performance

The company has a market cap of £3.17 billion, a P/E ratio of 7.51 and a beta of 0.50. The stock has a 50 day moving average price of GBX 370.06 and a two-hundred day moving average price of GBX 359.91. The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 15.26.

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

Insider Activity

In other 3i Infrastructure news, insider Milton Fernandes purchased 6,927 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of GBX 360 per share, for a total transaction of £24,937.20. Insiders own 0.08% of the company’s stock.

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.