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

3i Infrastructure plc (LON:3IN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 359.86 and traded as low as GBX 340.50. 3i Infrastructure shares last traded at GBX 345, with a volume of 4,186,339 shares.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 450 target price on shares of 3i Infrastructure in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 450.

3i Infrastructure Stock Up 0.4%

The firm’s fifty day moving average is GBX 360.79 and its two-hundred day moving average is GBX 359.74. The firm has a market cap of £3.21 billion, a price-to-earnings ratio of 7.61 and a beta of 0.50. The company has a debt-to-equity ratio of 15.26, a current ratio of 0.85 and a quick ratio of 0.57.

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.