3i Infrastructure (LON:3IN) Sets New 52-Week High – Should You Buy?

3i Infrastructure plc (LON:3IN)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 389 and last traded at GBX 387.50, with a volume of 1303559 shares traded. The stock had previously closed at GBX 388.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued a “buy” rating on shares of 3i Infrastructure in a report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 450.

3i Infrastructure Stock Up 0.0%

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 company has a market capitalization of £3.58 billion, a PE ratio of 12.13 and a beta of 0.50. The business has a 50-day moving average of GBX 372.44 and a 200 day moving average of GBX 362.19.

3i Infrastructure (LON:3IN) last released its quarterly earnings results on Tuesday, May 12th. The company reported GBX 32 earnings per share for the quarter. The business had revenue of £409 million during the quarter. 3i Infrastructure had a return on equity of 10.77% and a net margin of 92.78%. Equities research analysts predict that 3i Infrastructure plc will post 2039.0836962 earnings per share for the current year.

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.