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

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 359.56 and traded as low as GBX 331.50. 3i Infrastructure shares last traded at GBX 334.64, with a volume of 2,445,287 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada restated an “outperform” rating and set a GBX 450 price objective on shares of 3i Infrastructure in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 450.

3i Infrastructure Price Performance

The business has a 50 day moving average price of GBX 351.73 and a two-hundred day moving average price of GBX 359.20. The stock has a market cap of £3.04 billion, a PE ratio of 7.21 and a beta of 0.50. The company has a debt-to-equity ratio of 15.26, a quick ratio of 0.57 and a current ratio of 0.85.

About 3i Infrastructure

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.