3i Group (LON:III) Hits New 12-Month High - Here's Why

Shares of 3i Group (LON:III - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as GBX 3,470 ($45.17) and last traded at GBX 3,465 ($45.11), with a volume of 27294766 shares changing hands. The stock had previously closed at GBX 3,340 ($43.48).

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a "buy" rating and issued a GBX 3,800 ($49.47) target price on shares of 3i Group in a report on Monday, July 15th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, 3i Group presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 3,148 ($40.98).

3i Group Stock Up 4.6 %

The company has a market capitalization of £33.69 billion, a P/E ratio of 879.85, a PEG ratio of -0.35 and a beta of 1.01. The company has a current ratio of 3.23, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20. The stock has a 50 day moving average price of GBX 3,253.16 and a 200 day moving average price of GBX 3,080.58.

About 3i Group

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.