3i Infrastructure (LON:3IN) Reaches New 12-Month High – Still a Buy?

3i Infrastructure plc (LON:3IN) hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 405 and last traded at GBX 404.87, with a volume of 73,896 shares changing hands. The stock had previously closed at GBX 400.

Analysts Set New Price Targets

3IN has been the topic of several recent research reports. Canaccord Genuity Group reiterated a “hold” rating on shares of 3i Infrastructure in a research report on Wednesday, September 30th. Jefferies Financial Group reissued a “buy” rating on shares of 3i Infrastructure in a research report on Thursday, October 1st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, 3i Infrastructure currently has an average rating of “Moderate Buy” and a consensus target price of GBX 450.

3i Infrastructure Stock Performance

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 business has a 50-day simple moving average of GBX 391.35 and a 200 day simple moving average of GBX 372.22. The firm has a market cap of £3.72 billion, a PE ratio of 12.62 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.