3i Infrastructure (LON:3IN) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

3i Infrastructure plc (LON:3IN)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 367.19 and traded as high as GBX 391. 3i Infrastructure shares last traded at GBX 386, with a volume of 813,369 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on 3IN. Jefferies Financial Group restated a “buy” rating on shares of 3i Infrastructure in a report on Friday, June 26th. Canaccord Genuity Group reissued a “sell” rating on shares of 3i Infrastructure in a research report on Wednesday, August 26th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 450.

3i Infrastructure Price 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 company has a market cap of £3.60 billion, a P/E ratio of 12.20 and a beta of 0.50. The company’s 50-day moving average price is GBX 385.83 and its two-hundred day moving average price is GBX 367.50.

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.