Skip main menu Accessibility www.hl.co.uk | Cookie policy | Contact us

Hargreaves Lansdown

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

Stockbroker tips from ShareCast

RBC cuts 'fully valued' 3i Infrastructure to 'sector perform'

14 Jun, 2019 10:21

A A A

(Sharecast News) - 3i Infrastructure (3IN) deserves its premium rating but is fully valued, Royal Bank of Canada said as it downgraded the investment company to 'sector perform'.



3IN's portfolio assets have growth potential and the company's strong balance sheet gives it options for further investments, RBC analysts said. Returns are likely to be at the top of 3IN's 8-10% medium-term target and the dividend may also increase faster than expected.

Despite these positives, RBC cut its rating on the shares from 'outperform' after their strong performance left 3IN trading at a near-record 23% premium to ex-dividend net asset value. The broker kept its 295p price target on 3IN shares.

"We believe that the strong premium is justified given the organic growth prospects for the portfolio and market leading returns," RBS said. "However, we await a better entry point for 3IN as we see the stock as fully valued on a 12-month view."

Important information

Spread Betting and CFD trading carry a high level of risk to your capital; you should ensure you understand the risks involved. Please read the full risk warning.

Have a question?

Call us on 0117 988 9915
8.00am to 6.00pm (Monday to Friday)

HL Markets account holders
Call us on 020 7573 0055
Email us


ShareCast

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

Market latest

FTSE 100 | FTSE 250 | All Share

FTSE 100 interday chart FTSE 250 interday chart FTSE All Share interday chart
FTSE 100 7,508.70 price-positive +0.21%
FTSE 250 19,621.66 price-positive +0.44%
FTSE All Share 4,098.32 price-positive +0.24%
Dow Jones 27,308.13 price-positive +0.31%
NASDAQ 8,223.39 price-positive +0.20%
Xetra DAX 12,260.07 price-positive +0.26%
Paris CAC 40 5,552.34 price-positive +0.03%
Nikkei 225 21,466.99 price-positive +2.00%
Hang Seng 28,765.40 price-positive +1.07%

Hang Seng disclaimer l Prices delayed by at least 15 minutes