3i Infrastructure (LON:3IN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

3i Infrastructure plc (LON:3IN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 370.26 and traded as high as GBX 395. 3i Infrastructure shares last traded at GBX 393.50, with a volume of 1,681,470 shares trading hands.

Analyst Ratings Changes

3IN has been the topic of a number of recent research reports. Canaccord Genuity Group restated a “sell” rating on shares of 3i Infrastructure in a report on Wednesday, August 26th. Jefferies Financial Group reissued a “buy” rating on shares of 3i Infrastructure in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 450.

3i Infrastructure Stock Performance

The company’s 50-day simple moving average is GBX 388.08 and its 200 day simple moving average is GBX 370.26. The stock has a market cap of £3.63 billion, a P/E ratio of 12.30 and a beta of 0.50. The company has a current ratio of 0.85, a quick ratio of 0.57 and a debt-to-equity ratio of 15.26.

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.