Sequoia Economic Infrastructure (LON:SEQI) Reaches New 1-Year High – Here’s Why

Sequoia Economic Infrastructure Inc (LON:SEQI) shares hit a new 52-week high on Friday . The stock traded as high as GBX 84.80 and last traded at GBX 84.43, with a volume of 1060380 shares. The stock had previously closed at GBX 83.20.

Wall Street Analyst Weigh In

SEQI has been the subject of several recent research reports. Canaccord Genuity Group reissued a “hold” rating and issued a GBX 81 price objective on shares of Sequoia Economic Infrastructure in a report on Tuesday, April 21st. Jefferies Financial Group reissued a “buy” rating on shares of Sequoia Economic Infrastructure in a report on Friday, April 17th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 81.

Sequoia Economic Infrastructure Trading Up 1.4%

The business has a fifty day moving average of GBX 79.73 and a 200-day moving average of GBX 79.82. The firm has a market cap of £1.24 billion, a PE ratio of 16.73 and a beta of 0.73.

Sequoia Economic Infrastructure (LON:SEQI) last issued its quarterly earnings data on Thursday, June 11th. The company reported GBX 6.83 earnings per share (EPS) for the quarter. The business had revenue of £126.69 million for the quarter. Sequoia Economic Infrastructure had a return on equity of 5.52% and a net margin of 167.61%.

About Sequoia Economic Infrastructure

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.