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3IN - 3I Infrastructure News Story

286.75p -0.3  -0.1%

Last Trade - 9:29am

Large Cap
Market Cap £2.56bn
Enterprise Value £2.30bn
Revenue £322.3m
Position in Universe 259th / 1854

BUZZ-3i Infrastructure: Jefferies downgrades to "underperform"

Mon 8th July, 2019 7:49am
** Jefferies downgrades closed-ended investment company 3i
Infrastructure Plc  3IN.L  to "underperform" from "hold"
    ** The brokerage says a 30% premium to NAV leads it to
downgrade the recommendation for 3IN
    ** "3IN's shares having continued to re-rate, now trading on
a 29.7% premium to our current estimated NAV per share of
232.9p, there are obvious risks to the fund's near-term share
price returns," says Jefferies
    ** The brokerage says that its "greater concern" stems from
any portfolio activity    
    ** Up to Friday's close, shares up ~17% this year

 (Reporting by Siju Varghese in Bengaluru)
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