3i Infrastructure’s (3IN) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reiterated their outperform rating on shares of 3i Infrastructure (LON:3IN) in a report issued on Tuesday, Marketbeat.com reports. The firm currently has a GBX 450 price objective on the stock.

3i Infrastructure Trading Down 0.5%

LON 3IN opened at GBX 370.50 on Tuesday. 3i Infrastructure has a 12-month low of GBX 296.02 and a 12-month high of GBX 387.50. The company has a fifty day simple moving average of GBX 372.24 and a two-hundred day simple moving average of GBX 359.84. The company has a current ratio of 0.85, a quick ratio of 0.57 and a debt-to-equity ratio of 15.26. The stock has a market cap of £3.42 billion, a P/E ratio of 8.09 and a beta of 0.50.

3i Infrastructure (LON:3IN) last released its earnings results on Tuesday, November 11th. The company reported GBX 28 earnings per share (EPS) for the quarter. 3i Infrastructure had a return on equity of 10.77% and a net margin of 92.78%. On average, analysts forecast that 3i Infrastructure will post 2039.0836962 earnings per share for the current year.

Insider Buying and Selling

In other 3i Infrastructure news, insider Milton Fernandes purchased 6,927 shares of 3i Infrastructure stock in a transaction on Tuesday, November 18th. The stock was bought at an average cost of GBX 360 per share, with a total value of £24,937.20. Also, insider Lisa Gordon acquired 10,000 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were acquired at an average price of GBX 376 per share, with a total value of £37,600. Insiders bought 19,927 shares of company stock valued at $7,354,720 over the last quarter. 0.08% of the stock is currently owned by company insiders.

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.