Sequoia Economic Infrastructure (LON:SEQI) Hits New 52-Week High – Should You Buy?

Sequoia Economic Infrastructure Inc (LON:SEQI) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 86 and last traded at GBX 85.80, with a volume of 3217545 shares. The stock had previously closed at GBX 84.70.

Analyst Upgrades and Downgrades

SEQI has been the topic of several research analyst reports. Canaccord Genuity Group reiterated 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 reaffirmed a “buy” rating on shares of Sequoia Economic Infrastructure in a research note on Friday, April 17th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Sequoia Economic Infrastructure has an average rating of “Moderate Buy” and an average target price of GBX 81.

Sequoia Economic Infrastructure Stock Down 0.2%

The stock has a market capitalization of £1.27 billion, a PE ratio of 12.64 and a beta of 0.73. The company has a 50-day moving average of GBX 83.15 and a 200 day moving average of GBX 81.12.

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

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.