Shares of 3i Infrastructure plc (LON:3IN – Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 389 and last traded at GBX 387.50, with a volume of 1303559 shares trading hands. The stock had previously closed at GBX 388.
Analysts Set New Price Targets
Separately, Jefferies Financial Group reaffirmed a “buy” rating on shares of 3i Infrastructure in a research note on Friday, June 26th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 450.
View Our Latest Stock Report on 3i Infrastructure
3i Infrastructure Price Performance
3i Infrastructure (LON:3IN – Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The company reported GBX 32 earnings per share (EPS) for the quarter. 3i Infrastructure had a net margin of 92.78% and a return on equity of 10.77%. The firm had revenue of £409 million for the quarter. On average, sell-side analysts anticipate that 3i Infrastructure plc will post 2039.0836962 EPS for the current fiscal year.
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.
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