GCP Infrastructure Investments (LON:GCP) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

GCP Infrastructure Investments Limited (LON:GCP) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 73.50 ($0.98) and traded as low as GBX 73.41 ($0.98). GCP Infrastructure Investments shares last traded at GBX 74.50 ($0.99), with a volume of 1,026,015 shares changing hands.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 90 price objective on shares of GCP Infrastructure Investments in a report on Tuesday, July 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, GCP Infrastructure Investments currently has an average rating of “Buy” and an average target price of GBX 90.

GCP Infrastructure Investments Trading Up 1.1%

The company has a market cap of £623.57 million, a price-to-earnings ratio of 64.78 and a beta of 0.34. The company has a fifty day moving average price of GBX 73.20 and a two-hundred day moving average price of GBX 73.50.

About GCP Infrastructure Investments

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.