Canaccord Genuity reiterates Sell on 3i Infrastructure, calling shares fully valued

What Brokers Say Finance Written by: Ian Lyall 15:00 Wed 26 Aug 2026 --> Edited by: Jamie Ashcroft Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Canaccord Genuity ( TSX:CF LSE:CF ) View Price & Profile Canaccord Genuity reiterates Sell on 3i Infrastructure, calling shares fully valued Published: 15:00 26 Aug 2026 BST Canaccord Genuity (TSX:CF, LSE:CF) has reiterated its 'sell' rating on 3i Infrastructure PLC (LSE:3IN) , saying the shares look fully valued following their recent rise. 3i Infrastructure's share price has risen 7.6% over the past three months and the company paid a 6.73p dividend in July, giving a total return of approximately 10%. Canaccord said the shares are trading close to the company's last published net asset value of 405p and at an all-time high, with no realisation activity indicating a substantial increase in NAV. The broker said a discount of approximately 10% would be more appropriate given the concentration of the portfolio, with the largest five investments accounting for approximately 70% of net asset value. Canaccord also flagged valuation risks across the infrastructure sector, warning that rising global bond yields could push up discount rates and affect company valuations. 3i Infrastructure's pro forma cash position was £107 million. This is equivalent to 3% of NAV, after the £980 million TCR sale proceeds were used to repay its revolving credit facility in full, and after adjusting for completion of the Lefdal Mine Datacenter investment and the final dividend. Continue reading