Sequoia Economic Infrastructure (LON:SEQI) Shares Cross Below 200-Day Moving Average - Here's Why

Key Points

• Sequoia Economic Infrastructure (LON:SEQI) shares slipped below their 200-day moving average on Thursday, trading as low as GBX 78.10 before last changing hands at GBX 78.40.
• Analyst sentiment remains mixed but positive overall: Jefferies reaffirmed a buy rating, while Canaccord Genuity kept a hold rating with a GBX 81 target price. MarketBeat shows an average rating of Moderate Buy and an average target of GBX 81.
• The company has a £1.15 billion market cap and a 15.54 P/E ratio, with its 50-day moving average at GBX 80.01 and its 200-day moving average at GBX 79.48.

Sequoia Economic Infrastructure Inc (LON:SEQI - Get Free Report) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 79.48 and traded as low as GBX 78.10. Sequoia Economic Infrastructure shares last traded at GBX 78.40, with a volume of 14,702,220 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SEQI. Jefferies Financial Group reissued a "buy" rating on shares of Sequoia Economic Infrastructure in a report on Friday, April 17th. Canaccord Genuity Group reissued a "hold" rating and issued a GBX 81 target price on shares of Sequoia Economic Infrastructure in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Sequoia Economic Infrastructure presently has an average rating of "Moderate Buy" and an average target price of GBX 81.

Sequoia Economic Infrastructure Stock Performance

The firm has a market cap of £1.15 billion, a price-to-earnings ratio of 15.54 and a beta of 0.73. The business's 50-day moving average is GBX 80.01 and its 200-day moving average is GBX 79.48.

Sequoia Economic Infrastructure Company Profile

Sequoia Economic Infrastructure Income Fund Limited invests in a diversified portfolio of senior and subordinated economic infrastructure debt investments through its subsidiary Sequoia IDF Asset Holdings SA The Company operates through investment in senior and subordinated infrastructure debt instruments and related and/or similar assets segment. Its investment objective is to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments.

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