GCP Infrastructure Investments (LON:GCP) Stock Passes Above 200 Day Moving Average - Here's Why

Key Points

• GCP Infrastructure Investments' stock price surpassed its 200-day moving average of GBX 73.86, reaching a high of GBX 75.75 during trading.
• The company has a market capitalization of £668.66 million and reported a net margin of 20.96% with a P/E ratio of 42.88.
• Analysts maintain a consensus “Buy” rating for the stock, with a target price set at GBX 90, indicating potential growth.

GCP Infrastructure Investments Limited (LON:GCP - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 73.86 ($1.00) and traded as high as GBX 75.75 ($1.02). GCP Infrastructure Investments shares last traded at GBX 74 ($1.00), with a volume of 1,240,001 shares.

Analyst Ratings Changes

Separately, Royal Bank Of Canada restated an "outperform" rating and set a GBX 90 price target 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 data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of GBX 90.

GCP Infrastructure Investments Stock Performance

The stock's 50 day moving average price is GBX 75.99 and its 200 day moving average price is GBX 73.86. The company has a market capitalization of £668.66 million, a P/E ratio of 42.88 and a beta of 0.34.

GCP Infrastructure Investments (LON:GCP - Get Free Report) last posted its quarterly earnings data on Thursday, June 12th. The company reported GBX 3.30 EPS for the quarter. GCP Infrastructure Investments had a net margin of 20.96% and a return on equity of 1.63%. On average, analysts expect that GCP Infrastructure Investments Limited will post 8.2955771 earnings per share for the current fiscal year.

GCP Infrastructure Investments Company Profile

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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