3i Infrastructure (LON:3IN) Sets New 52-Week High – Still a Buy?

3i Infrastructure plc (LON:3IN)’s share price reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 399.50 and last traded at GBX 398.98, with a volume of 576,389 shares trading hands. The stock had previously closed at GBX 395.

Analyst Ratings Changes

Several research analysts have commented on 3IN shares. Jefferies Financial Group reissued a “buy” rating on shares of 3i Infrastructure in a research note on Thursday, October 1st. Canaccord Genuity Group reaffirmed a “hold” rating on shares of 3i Infrastructure in a report on Wednesday, September 30th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 450.

3i Infrastructure Stock Performance

The company has a fifty day moving average price of GBX 391.26 and a two-hundred day moving average price of GBX 371.99. The company has a debt-to-equity ratio of 15.26, a current ratio of 0.85 and a quick ratio of 0.57. The company has a market capitalization of £3.65 billion, a P/E ratio of 12.38 and a beta of 0.50.

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.