Sequoia Economic Infrastructure (LON:SEQI) Hits New 1-Year High – Still a Buy?

Sequoia Economic Infrastructure Inc (LON:SEQIGet Free Report)’s share price hit a new 52-week high during trading on Thursday . The company traded as high as GBX 84.80 and last traded at GBX 84.60, with a volume of 1922228 shares changing hands. The stock had previously closed at GBX 84.20.

Analysts Set New Price Targets

A number of brokerages recently commented on SEQI. Jefferies Financial Group restated a “buy” rating on shares of Sequoia Economic Infrastructure in a report on Friday, April 17th. Canaccord Genuity Group restated a “hold” rating and set a GBX 81 target price on shares of Sequoia Economic Infrastructure in a report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 81.

View Our Latest Stock Analysis on Sequoia Economic Infrastructure

Sequoia Economic Infrastructure Stock Performance

The company has a market cap of £1.24 billion, a price-to-earnings ratio of 16.82 and a beta of 0.73. The business has a 50-day simple moving average of GBX 80.36 and a 200-day simple moving average of GBX 79.94.

Sequoia Economic Infrastructure (LON:SEQIGet Free Report) last posted its quarterly earnings results on Thursday, June 11th. The company reported GBX 6.83 earnings per share (EPS) for the quarter. The company had revenue of £126.69 million for the quarter. Sequoia Economic Infrastructure had a return on equity of 7.39% and a net margin of 83.60%.

Sequoia Economic Infrastructure Company Profile

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Sequoia Economic Infrastructure Income Fund Limited invests in a diversified portfolio of senior and subordinated economic infrastructure debt investments through its subsidiary Sequoia IDF Asset Holdings SA The Company operates through investment in senior and subordinated infrastructure debt instruments and related and/or similar assets segment. Its investment objective is to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments.

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