GCP Infrastructure Investments (LON:GCP) Share Price Passes Below 200 Day Moving Average - Time to Sell?

Key Points

• GCP Infrastructure Investments Limited's share price dropped below its 200-day moving average of GBX 73.44, with the stock trading as low as GBX 71.90 during recent trading sessions.
• Royal Bank of Canada has reaffirmed an "outperform" rating on the stock and set a target price of GBX 90, despite the recent decline in share price.
• The company has a market cap of £609.92 million and a notably high P/E ratio of 6,327.48, indicating unique market dynamics influencing its valuation.

GCP Infrastructure Investments Limited (LON:GCP - Get Free Report)'s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 73.44 ($0.99) and traded as low as GBX 71.90 ($0.97). GCP Infrastructure Investments shares last traded at GBX 72.50 ($0.97), with a volume of 1,359,301 shares.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reissued an "outperform" rating and issued a GBX 90 target price on shares of GCP Infrastructure Investments in a report on Tuesday, July 1st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of GBX 90.

GCP Infrastructure Investments Price Performance

The stock has a market cap of £609.92 million, a P/E ratio of 6,327.48 and a beta of 0.34. The business's fifty day moving average price is GBX 74.74 and its 200 day moving average price is GBX 73.44.

About GCP Infrastructure Investments

GCP Infrastructure Investment Limited (GCP Infra) is a Jersey-incorporated, closed ended investment company whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained distributions and to preserve capital over the long term by generating exposure primarily to UK infrastructure debt and related and/or similar assets which provide regular and predictable long term cashflows.

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