Sequoia Economic Infrastructure (LON:SEQI) Hits New 1-Year High – Still a Buy?

Sequoia Economic Infrastructure Inc (LON:SEQI) hit a new 52-week high on Thursday . The stock traded as high as GBX 84.80 and last traded at GBX 84.60, with a volume of 1922228 shares traded. The stock had previously closed at GBX 84.20.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating on shares of Sequoia Economic Infrastructure in a research report on Friday, April 17th. Canaccord Genuity Group reissued a “hold” rating and set a GBX 81 target price on shares of Sequoia Economic Infrastructure in a research report on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 81.

Sequoia Economic Infrastructure Stock Performance

The firm has a market cap of £1.24 billion, a price-to-earnings ratio of 16.82 and a beta of 0.73. The firm has a 50-day moving average price of GBX 80.36 and a two-hundred day moving average price of GBX 79.94.

Sequoia Economic Infrastructure (LON:SEQI) last issued its earnings results on Thursday, June 11th. The company reported GBX 6.83 earnings per share for the quarter. Sequoia Economic Infrastructure had a return on equity of 7.39% and a net margin of 83.60%.The business had revenue of £126.69 million for the quarter.

About Sequoia Economic Infrastructure

Sequoia Economic Infrastructure Income Fund Limited invests in a diversified portfolio of senior and subordinated economic infrastructure debt investments through its subsidiary Sequoia IDF Asset Holdings SA The Company operates through investment in senior and subordinated infrastructure debt instruments and related and/or similar assets segment. Its investment objective is to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments.