Sequoia Economic Infrastructure (LON:SEQI) Hits New 1-Year High – What’s Next?

Sequoia Economic Infrastructure Inc (LON:SEQI) 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 trading hands. The stock had previously closed at GBX 86.40.

Analysts Set New Price Targets

A number of analysts have weighed in on SEQI shares. Jefferies Financial Group reissued a “buy” rating on shares of Sequoia Economic Infrastructure in a research report on Friday, April 17th. Canaccord Genuity Group reiterated a “hold” rating and set a GBX 81 price objective on shares of Sequoia Economic Infrastructure in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 81.

Sequoia Economic Infrastructure Stock Performance

The business has a 50 day moving average price of GBX 83.71 and a 200-day moving average price of GBX 81.30. The company has a market capitalization of £1.27 billion, a price-to-earnings ratio of 12.67 and a beta of 0.73.

Sequoia Economic Infrastructure (LON:SEQI) last released 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 during the quarter. Sequoia Economic Infrastructure had a return on equity of 7.39% and a net margin of 83.60%.

About Sequoia Economic Infrastructure

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.