3i Infrastructure (LON:3IN) Stock Passes Below 200 Day Moving Average – What’s Next?

Shares of 3i Infrastructure plc (LON:3IN) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 359.91 and traded as low as GBX 338.50. 3i Infrastructure shares last traded at GBX 343.50, with a volume of 1,062,147 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 450 target price on shares of 3i Infrastructure in a report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 450.

3i Infrastructure Stock Up 0.2%

The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 15.26. The firm has a 50 day moving average of GBX 370.06 and a two-hundred day moving average of GBX 359.91. The firm has a market capitalization of £3.17 billion, a price-to-earnings ratio of 7.51 and a beta of 0.50.

3i Infrastructure (LON:3IN) last posted its earnings results on Tuesday, November 11th. The company reported GBX 28 EPS for the quarter. 3i Infrastructure had a net margin of 92.78% and a return on equity of 10.77%. As a group, sell-side analysts anticipate that 3i Infrastructure plc will post 2039.0836962 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Milton Fernandes bought 6,927 shares of the business’s stock in a transaction on Tuesday, November 18th. The shares were purchased at an average price of GBX 360 per share, for a total transaction of £24,937.20. 0.08% of the stock is currently owned by insiders.

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.