3i Infrastructure (LON:3IN) Reaches New 1-Year High – Still a Buy?

3i Infrastructure plc (LON:3INGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 394.50 and last traded at GBX 393.50, with a volume of 730067 shares. The stock had previously closed at GBX 386.

Analysts Set New Price Targets

Separately, Jefferies Financial Group restated a “buy” rating on shares of 3i Infrastructure in a report on Friday, June 26th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, 3i Infrastructure has an average rating of “Buy” and a consensus target price of GBX 450.

Read Our Latest Report on 3IN

3i Infrastructure Price Performance

The firm has a fifty day moving average of GBX 381.92 and a two-hundred day moving average of GBX 364.30. The stock has a market capitalization of £3.61 billion, a P/E ratio of 12.23 and a beta of 0.50. The company has a debt-to-equity ratio of 15.26, a current ratio of 0.85 and a quick ratio of 0.57.

About 3i Infrastructure

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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.

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