3i Infrastructure (LON:3IN) Shares Cross Above 200-Day Moving Average – Here’s Why

3i Infrastructure plc (LON:3IN)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 359.03 and traded as high as GBX 374. 3i Infrastructure shares last traded at GBX 374, with a volume of 2,607,060 shares traded.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 450 price objective on shares of 3i Infrastructure in a research report on Tuesday, January 27th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 450.

3i Infrastructure Price Performance

The company has a debt-to-equity ratio of 15.26, a quick ratio of 0.57 and a current ratio of 0.85. The company has a market capitalization of £3.46 billion, a PE ratio of 8.20 and a beta of 0.50. The company’s 50-day simple moving average is GBX 349.39 and its 200-day simple moving average is GBX 359.03.

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.