3i Infrastructure (LON:3IN) Hits New 1-Year High – Time to Buy?

3i Infrastructure plc (LON:3IN)’s share price hit a new 52-week high on Friday . The company traded as high as GBX 394.50 and last traded at GBX 393.50, with a volume of 730067 shares changing hands. The stock had previously closed at GBX 386.

Analysts Set New Price Targets

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

3i Infrastructure Trading Up 1.4%

The stock has a market capitalization of £3.61 billion, a price-to-earnings ratio of 12.23 and a beta of 0.50. 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 company’s 50 day moving average is GBX 381.46 and its 200 day moving average is GBX 364.11.

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.