3i Infrastructure (LON:3IN) Reaches New 12-Month High – Still a Buy?

3i Infrastructure plc (LON:3IN) shares hit a new 52-week high on Tuesday. The stock traded as high as GBX 405 and last traded at GBX 404.87, with a volume of 73,896 shares changing hands. The stock had previously closed at GBX 400.

Analysts Set New Price Targets

Several equities analysts recently issued reports on 3IN shares. Jefferies Financial Group reaffirmed a “buy” rating on shares of 3i Infrastructure in a research report on Thursday, October 1st. Canaccord Genuity Group reissued a “hold” rating on shares of 3i Infrastructure in a report on Wednesday, September 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 450.

3i Infrastructure Stock Up 0.9%

The company has a quick ratio of 0.57, a current ratio of 0.85 and a debt-to-equity ratio of 15.26. The company has a market cap of £3.72 billion, a PE ratio of 12.62 and a beta of 0.50. The company’s fifty day moving average is GBX 391.35 and its 200-day moving average is GBX 372.22.

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.