3i Infrastructure (LON:3IN) Hits New 52-Week High – What’s Next?

3i Infrastructure plc (LON:3IN) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 394.50 and last traded at GBX 393.50, with a volume of 730067 shares. The stock had previously closed at GBX 386.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued a “buy” rating on shares of 3i Infrastructure in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of GBX 450.

3i Infrastructure Trading Up 1.4%

The firm has a fifty day simple moving average of GBX 381.46 and a two-hundred day simple moving average of GBX 364.11. 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 £3.61 billion, a P/E ratio of 12.23 and a beta of 0.50.

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.