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

Shares of 3i Infrastructure plc (LON:3IN) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 359.88 and traded as low as GBX 342.50. 3i Infrastructure shares last traded at GBX 350.10, with a volume of 870,339 shares trading hands.

Analysts Set New Price Targets

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

3i Infrastructure Trading Down 1.6%

The company’s 50 day moving average price is GBX 357.36 and its two-hundred day moving average price is GBX 359.70. The firm has a market cap of £3.18 billion, a PE ratio of 7.52 and a beta of 0.50. The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 15.26.

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.