Sequoia Economic Infrastructure (LON:SEQI) Reaches New 52-Week High – Here’s What Happened

Sequoia Economic Infrastructure Inc (LON:SEQIGet Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 87 and last traded at GBX 86.51, with a volume of 1911449 shares traded. The stock had previously closed at GBX 86.40.

Analyst Ratings Changes

Several research firms recently weighed in on SEQI. Canaccord Genuity Group reaffirmed a “hold” rating and issued a GBX 81 price objective on shares of Sequoia Economic Infrastructure in a research note on Tuesday, April 21st. Jefferies Financial Group reissued a “buy” rating on shares of Sequoia Economic Infrastructure in a research note on Friday, April 17th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Sequoia Economic Infrastructure has a consensus rating of “Moderate Buy” and an average target price of GBX 81.

Check Out Our Latest Stock Analysis on SEQI

Sequoia Economic Infrastructure Price Performance

The stock has a 50-day moving average price of GBX 83.41 and a 200-day moving average price of GBX 81.20. The company has a market capitalization of £1.28 billion, a P/E ratio of 12.81 and a beta of 0.73.

Sequoia Economic Infrastructure (LON:SEQIGet Free Report) last announced its earnings results on Thursday, June 11th. The company reported GBX 6.83 EPS for the quarter. The business had revenue of £126.69 million for the quarter. Sequoia Economic Infrastructure had a return on equity of 7.39% and a net margin of 83.60%.

About Sequoia Economic Infrastructure

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Sequoia Economic Infrastructure Income Fund Limited invests in a diversified portfolio of senior and subordinated economic infrastructure debt investments through its subsidiary Sequoia IDF Asset Holdings SA The Company operates through investment in senior and subordinated infrastructure debt instruments and related and/or similar assets segment. Its investment objective is to provide investors with regular, sustained, long-term distributions and capital appreciation from a diversified portfolio of senior and subordinated economic infrastructure debt investments.

Further Reading

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