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

GCP Infrastructure Investments Limited (LON:GCP) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reissued an “outperform” rating and issued a GBX 90 price target on shares of GCP Infrastructure Investments in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 90.

GCP Infrastructure Investments Stock Up 1.1%

The business has a 50-day moving average price of GBX 75.99 and a two-hundred day moving average price of GBX 73.86. The company has a market capitalization of £668.66 million, a price-to-earnings ratio of 42.88 and a beta of 0.34.

GCP Infrastructure Investments (LON:GCP) last issued its earnings results on Thursday, June 12th. The company reported GBX 3.30 earnings per share for the quarter. GCP Infrastructure Investments had a return on equity of 1.63% and a net margin of 20.96%. On average, sell-side analysts anticipate that GCP Infrastructure Investments Limited will post 8.2955771 EPS 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.