3i Infrastructure (LON:3IN) Stock Passes Above 200 Day Moving Average – Time to Sell?

3i Infrastructure plc (LON:3IN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 360.21 and traded as high as GBX 372.50. 3i Infrastructure shares last traded at GBX 368.50, with a volume of 1,009,465 shares traded.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “buy” rating on shares of 3i Infrastructure in a research note on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 450.

3i Infrastructure Price Performance

The company has a 50 day moving average of GBX 355.83 and a 200-day moving average of GBX 360.28. The stock has a market capitalization of £3.41 billion, a P/E ratio of 8.08 and a beta of 0.50. The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 15.26.

3i Infrastructure (LON:3IN) last announced its quarterly earnings data on Tuesday, May 12th. The company reported GBX 32 earnings per share (EPS) for the quarter. 3i Infrastructure had a return on equity of 10.77% and a net margin of 92.78%.The firm had revenue of £409 million for the quarter. Sell-side analysts predict that 3i Infrastructure plc will post 2039.0836962 EPS for the current year.

3i Infrastructure Company Profile

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.