GCP Infrastructure Investments (LON:GCP) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

GCP Infrastructure Investments Limited (LON:GCP – Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 76.48 and traded as high as GBX 83.60. GCP Infrastructure Investments shares last traded at GBX 83.60, with a volume of 1,880,619 shares.

Analysts Set New Price Targets

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

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GCP Infrastructure Investments Stock Down 0.1%

The company has a current ratio of 3.21, a quick ratio of 131.52 and a debt-to-equity ratio of 3.20. The stock has a market cap of £674.44 million, a P/E ratio of 20.12 and a beta of 0.39. The firm has a 50-day simple moving average of GBX 79.37 and a two-hundred day simple moving average of GBX 76.48.

GCP Infrastructure Investments (LON:GCP – Get Free Report) last posted its earnings results on Thursday, June 4th. The company reported GBX 3.40 earnings per share for the quarter. GCP Infrastructure Investments had a return on equity of 4.17% and a net margin of 47.75%.The company had revenue of GBX 2,419 million during the quarter. Equities research analysts expect that GCP Infrastructure Investments Limited will post 8.2955771 earnings per share for the current fiscal year.

GCP Infrastructure Investments Company Profile

(Get Free Report)

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.

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