3i Infrastructure (LON:3IN) Shares Cross Above 200-Day Moving Average - Here's Why

Key Points

• 3i Infrastructure crossed above its 200-day moving average, with the 200‑day MA at GBX 359.03 and the stock trading as high and last at GBX 374 on volume of 2,607,060 shares.
• Analysts are positive: Royal Bank of Canada reaffirmed an "outperform" rating and a GBX 450 target, and the consensus rating is "Buy" with an average price target of GBX 450.
• The shares trade at a PE of 8.20 and market cap of £3.46 billion with low volatility (beta 0.50), but the company shows high leverage (debt-to-equity 15.26) and below‑1 liquidity ratios (current 0.85, quick 0.57).

3i Infrastructure plc (LON:3IN - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 359.03 and traded as high as GBX 374. 3i Infrastructure shares last traded at GBX 374, with a volume of 2,607,060 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 450 target price on shares of 3i Infrastructure in a research report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of GBX 450.

3i Infrastructure Price Performance

The company has a debt-to-equity ratio of 15.26, a quick ratio of 0.57 and a current ratio of 0.85. The stock's 50-day moving average is GBX 349.39 and its 200 day moving average is GBX 359.03. The stock has a market capitalization of £3.46 billion, a PE ratio of 8.20 and a beta of 0.50.

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.

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