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

Key Points

• GCP Infrastructure Investments' stock price has fallen below its 200-day moving average, trading as low as GBX 72.40 ($0.97).
• Royal Bank of Canada has set a new price target of GBX 90 for GCP Infrastructure Investments, maintaining an "outperform" rating.
• The company, valued at £619.39 million, focuses on providing regular distributions through investments primarily in UK infrastructure debt.

GCP Infrastructure Investments Limited (LON:GCP - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 73.32 ($0.98) and traded as low as GBX 72.40 ($0.97). GCP Infrastructure Investments shares last traded at GBX 73.90 ($0.99), with a volume of 1,267,982 shares traded.

Analysts Set New Price Targets

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

GCP Infrastructure Investments Price Performance

The company has a market cap of £619.39 million, a P/E ratio of 6,434.78 and a beta of 0.34. The stock has a 50-day moving average of GBX 74.06 and a 200 day moving average of GBX 73.32.

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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