3i Infrastructure (LON:3IN) Stock Passes Above 200-Day Moving Average – Here’s Why

3i Infrastructure plc (LON:3IN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 368.86 and traded as high as GBX 392. 3i Infrastructure shares last traded at GBX 386, with a volume of 536,982 shares traded.

Analyst Upgrades and Downgrades

3IN has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “buy” rating on shares of 3i Infrastructure in a research note on Friday, June 26th. Canaccord Genuity Group restated a “sell” rating on shares of 3i Infrastructure in a research note on Wednesday, August 26th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, 3i Infrastructure presently has an average rating of “Hold” and a consensus price target of GBX 450.

3i Infrastructure Stock Performance

The company has a debt-to-equity ratio of 15.26, a quick ratio of 0.57 and a current ratio of 0.85. The company has a market capitalization of £3.56 billion, a P/E ratio of 12.08 and a beta of 0.50. The business’s fifty day simple moving average is GBX 387.12 and its 200-day simple moving average is GBX 368.99.

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.