3i Infrastructure (LON:3IN) Shares Cross Above 50-Day Moving Average – Here’s What Happened

3i Infrastructure plc (LON:3IN) passed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 390.67 and traded as high as GBX 393.50. 3i Infrastructure shares last traded at GBX 393.50, with a volume of 4,390,664 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on 3IN shares. Canaccord Genuity Group reaffirmed a “hold” rating on shares of 3i Infrastructure in a research report on Wednesday, September 30th. Jefferies Financial Group reiterated a “buy” rating on shares of 3i Infrastructure in a research report on Thursday, October 1st. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 450.

3i Infrastructure Price Performance

The firm has a market cap of £3.61 billion, a PE ratio of 12.23 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. The firm has a 50-day simple moving average of GBX 390.67 and a 200 day simple moving average of GBX 371.49.

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.