3i Infrastructure (LON:3IN) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

3i Infrastructure plc (LON:3IN) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 363.91 and traded as high as GBX 386.50. 3i Infrastructure shares last traded at GBX 382.50, with a volume of 613,233 shares changing hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed 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 data from MarketBeat, 3i Infrastructure presently has a consensus rating of “Buy” and an average target price of GBX 450.

3i Infrastructure Stock Up 0.1%

The company has a debt-to-equity ratio of 15.26, a quick ratio of 0.57 and a current ratio of 0.85. The stock’s fifty day simple moving average is GBX 381.11 and its two-hundred day simple moving average is GBX 364.01. The stock has a market capitalization of £3.56 billion, a P/E ratio of 12.06 and a beta of 0.50.

About 3i Infrastructure

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.