3i Infrastructure (LON:3IN) Hits New 1-Year High – Here’s Why

3i Infrastructure plc (LON:3IN) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 394 and last traded at GBX 393.50, with a volume of 26455 shares trading hands. The stock had previously closed at GBX 393.50.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating on shares of 3i Infrastructure in a research report on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, 3i Infrastructure presently has an average rating of “Buy” and an average price target of GBX 450.

3i Infrastructure Stock Performance

The company has a current ratio of 0.85, a quick ratio of 0.57 and a debt-to-equity ratio of 15.26. The stock has a market capitalization of £3.56 billion, a PE ratio of 12.05 and a beta of 0.50. The firm’s 50-day simple moving average is GBX 375.73 and its two-hundred day simple moving average is GBX 363.18.

3i Infrastructure (LON:3IN) last announced its earnings results on Tuesday, May 12th. The company reported GBX 32 earnings per share (EPS) for the quarter. The company had revenue of £409 million for the quarter. 3i Infrastructure had a net margin of 92.78% and a return on equity of 10.77%. On average, equities research analysts expect that 3i Infrastructure plc will post 2039.0836962 earnings per share for the current fiscal 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.