3i Infrastructure (LON:3IN) Reaches New 12-Month High – Here’s What Happened

3i Infrastructure plc (LON:3IN) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 389 and last traded at GBX 387.50, with a volume of 1303559 shares. The stock had previously closed at GBX 388.

Analyst Ratings Changes

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

3i Infrastructure Trading Up 0.0%

The stock has a 50 day moving average of GBX 372.44 and a 200-day moving average of GBX 362.19. The company has a market capitalization of £3.58 billion, a P/E ratio of 12.13 and a beta of 0.50. The company has a current ratio of 0.85, a quick ratio of 0.57 and a debt-to-equity ratio of 15.26.

3i Infrastructure (LON:3IN) last released its earnings results on Tuesday, May 12th. The company reported GBX 32 EPS for the quarter. The company had revenue of £409 million for the quarter. 3i Infrastructure had a net margin of 92.78% and a return on equity of 10.77%. On average, research analysts predict that 3i Infrastructure plc will post 2039.0836962 EPS 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.