GCP Infrastructure Investments (LON:GCP) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

GCP Infrastructure Investments Limited (LON:GCP) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 73.50 ($0.98) and traded as low as GBX 73.41 ($0.98). GCP Infrastructure Investments shares last traded at GBX 74.50 ($0.99), with a volume of 1,026,015 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reissued an “outperform” rating and set a GBX 90 price objective on shares of GCP Infrastructure Investments in a report on Tuesday, July 1st. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 90.

GCP Infrastructure Investments Trading Up 1.1%

The stock has a market cap of £623.57 million, a price-to-earnings ratio of 64.78 and a beta of 0.34. The stock has a fifty day simple moving average of GBX 73.20 and a 200-day simple moving average of GBX 73.50.

GCP Infrastructure Investments Company Profile

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.