3i Infrastructure (LON:3IN) Shares Pass Below 200 Day Moving Average - What's Next?

Key Points

• Shares fell below their 200‑day moving average, slipping under the 200‑day MA of GBX 359.56 to trade as low as GBX 331.50 and last at GBX 334.64 on volume of 2,445,287 shares.
• Analyst sentiment remains positive: Royal Bank of Canada reaffirmed an Outperform rating with a GBX 450 price target, and the consensus rating is Buy with an average target of GBX 450.
• The stock appears relatively cheap with a market capitalization of £3.09 billion and a P/E of 7.31, and it shows low volatility (beta 0.50).

3i Infrastructure plc (LON:3IN - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 359.56 and traded as low as GBX 331.50. 3i Infrastructure shares last traded at GBX 334.64, with a volume of 2,445,287 shares traded.

Analyst Ratings Changes

Separately, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a GBX 450 price objective on shares of 3i Infrastructure in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, 3i Infrastructure presently has an average 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 has a market capitalization of £3.09 billion, a PE ratio of 7.31 and a beta of 0.50. The company's fifty day simple moving average is GBX 353.73 and its two-hundred day simple moving average is GBX 359.56.

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.

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