Richard Laing Buys 9,960 Shares of 3i Infrastructure PLC (3IN) Stock

3i Infrastructure PLC (LON:3IN) insider Richard Laing acquired 9,960 shares of 3i Infrastructure stock in a transaction on Tuesday, March 20th. The shares were purchased at an average price of GBX 208 ($2.87) per share, for a total transaction of £20,716.80 ($28,622.27).

Shares of 3IN stock opened at GBX 208.30 ($2.88) on Wednesday. 3i Infrastructure PLC has a one year low of GBX 201.50 ($2.78) and a one year high of GBX 344.91 ($4.77). The firm has a market cap of $2,100.00 and a P/E ratio of 867.92.

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The business also recently declared a dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th will be paid a GBX 41.40 ($0.57) dividend. This is an increase from 3i Infrastructure’s previous dividend of $3.93. The ex-dividend date is Thursday, March 15th.

3IN has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating on shares of 3i Infrastructure in a research note on Thursday, December 14th. Jefferies Group upgraded shares of 3i Infrastructure to a “buy” rating in a research note on Wednesday, February 21st.

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About 3i Infrastructure

3i Infrastructure plc is a closed-ended investment company that invests in infrastructure businesses and assets. The Company’s objective is to provide shareholders with a sustainable total return of 8% to 10% per annum, to be achieved over the medium term, with a progressive annual dividend per share.

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