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

3i Infrastructure plc (LON:3IN) shares reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as GBX 399.50 and last traded at GBX 398.98, with a volume of 576,389 shares. The stock had previously closed at GBX 395.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Canaccord Genuity Group reiterated a “hold” rating on shares of 3i Infrastructure in a report on Wednesday, September 30th. Jefferies Financial Group restated a “buy” rating on shares of 3i Infrastructure in a research note on Thursday, October 1st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, 3i Infrastructure has a consensus rating of “Moderate Buy” and an average price target of GBX 450.

3i Infrastructure Trading Up 0.9%

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 has a market cap of £3.68 billion, a P/E ratio of 12.45 and a beta of 0.50. The stock has a 50-day moving average of GBX 391.10 and a two-hundred day moving average of GBX 371.82.

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.