Sequoia Economic Infrastructure (LON:SEQI) Reaches New 52-Week High – Still a Buy?

Sequoia Economic Infrastructure Inc (LON:SEQI) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 85.30 and last traded at GBX 84.20, with a volume of 8489941 shares trading hands. The stock had previously closed at GBX 84.90.

Analyst Upgrades and Downgrades

Several analysts have commented on SEQI shares. Canaccord Genuity Group reissued a “hold” rating and issued a GBX 81 target price on shares of Sequoia Economic Infrastructure in a research report on Tuesday, April 21st. Jefferies Financial Group restated a “buy” rating on shares of Sequoia Economic Infrastructure in a report on Friday, April 17th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 81.

Sequoia Economic Infrastructure Price Performance

The company has a market capitalization of £1.22 billion, a P/E ratio of 16.56 and a beta of 0.73. The stock’s fifty day simple moving average is GBX 81.15 and its 200-day simple moving average is GBX 80.17.

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

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.