3i Infrastructure (LON:3IN) Stock Price Passes Below 200-Day Moving Average – Here’s Why

3i Infrastructure plc (LON:3IN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 359.86 and traded as low as GBX 340.50. 3i Infrastructure shares last traded at GBX 345, with a volume of 4,186,339 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada restated an “outperform” rating and issued a GBX 450 price target on shares of 3i Infrastructure in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 450.

3i Infrastructure Stock Up 1.7%

The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 15.26. The company has a 50 day simple moving average of GBX 361.87 and a two-hundred day simple moving average of GBX 359.86. The company has a market capitalization of £3.22 billion, a P/E ratio of 7.63 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.