GCP Infrastructure Investments (LON:GCP) Sets New 1-Year High – Still a Buy?

GCP Infrastructure Investments Limited (LON:GCP)’s share price hit a new 52-week high during trading on Monday. The company traded as high as GBX 86 and last traded at GBX 83.70, with a volume of 1341170 shares changing hands. The stock had previously closed at GBX 85.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “no recommendation” rating on shares of GCP Infrastructure Investments in a report on Wednesday, July 1st.

GCP Infrastructure Investments Stock Performance

The stock’s 50-day moving average is GBX 83.25 and its 200 day moving average is GBX 78.75. The stock has a market cap of £635.59 million, a price-to-earnings ratio of 20.17 and a beta of 0.85. The company has a debt-to-equity ratio of 3.20, a current ratio of 3.21 and a quick ratio of 131.52.

About GCP Infrastructure Investments

GCP Infrastructure Investment Limited (GCP Infra) is a Jersey-incorporated, closed ended investment company whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained distributions and to preserve capital over the long term by generating exposure primarily to UK infrastructure debt and related and/or similar assets which provide regular and predictable long term cashflows.

GCP Infra primarily targets investments in infrastructure projects with long term, public sector-backed, availability-based revenues.