3i Infrastructure (LON:3IN) Reaches New 52-Week High – Here’s What Happened

3i Infrastructure plc (LON:3IN)’s share price hit a new 52-week high on Wednesday. The company traded as high as GBX 399.50 and last traded at GBX 398.98, with a volume of 576,389 shares trading hands. The stock had previously closed at GBX 395.

Analyst Ratings Changes

Several analysts recently weighed in on 3IN shares. Jefferies Financial Group reissued a “buy” rating on shares of 3i Infrastructure in a research note on Thursday, October 1st. Canaccord Genuity Group restated a “hold” rating on shares of 3i Infrastructure in a research report on Wednesday, September 30th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 450.

3i Infrastructure Stock Performance

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 firm has a market capitalization of £3.68 billion, a P/E ratio of 12.45 and a beta of 0.50. The company’s 50 day moving average is GBX 391.10 and its 200-day moving average is GBX 371.82.

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.