Sequoia Economic Infrastructure (LON:SEQI) Reaches New 1-Year High – Should You Buy?

Sequoia Economic Infrastructure Inc (LON:SEQI) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 87 and last traded at GBX 86.51, with a volume of 1911449 shares changing hands. The stock had previously closed at GBX 86.40.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Sequoia Economic Infrastructure in a report on Friday, April 17th. Canaccord Genuity Group restated a “hold” rating and set a GBX 81 target price on shares of Sequoia Economic Infrastructure in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 81.

Sequoia Economic Infrastructure Trading Up 1.2%

The firm has a market cap of £1.28 billion, a price-to-earnings ratio of 12.81 and a beta of 0.73. The firm’s 50-day moving average is GBX 83.41 and its 200-day moving average is GBX 81.20.

Sequoia Economic Infrastructure (LON:SEQI) last released its quarterly earnings data on Thursday, June 11th. The company reported GBX 6.83 earnings per share for the quarter. Sequoia Economic Infrastructure had a net margin of 83.60% and a return on equity of 7.39%. The firm had revenue of £126.69 million for the quarter.

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.