3i Group (LON:III) Hits New 52-Week High - Here's Why

Shares of 3i Group (LON:III - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 4,177 ($55.72) and last traded at GBX 4,154 ($55.41), with a volume of 1150651 shares. The stock had previously closed at GBX 4,115 ($54.89).

Analyst Ratings Changes

A number of research analysts have recently issued reports on III shares. Citigroup reiterated a "buy" rating and set a GBX 4,850 ($64.69) target price on shares of 3i Group in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reissued a "top pick" rating on shares of 3i Group in a report on Tuesday, January 7th.

3i Group Trading Up 0.3 %

The firm has a market cap of £40.58 billion, a price-to-earnings ratio of 10.60, a P/E/G ratio of -0.35 and a beta of 1.01. The company has a debt-to-equity ratio of 6.20, a current ratio of 3.25 and a quick ratio of 0.09. The company's 50 day simple moving average is GBX 3,848.78 and its 200 day simple moving average is GBX 3,681.80.

3i Group Company Profile

3i is an investment company with two complementary businesses, Private Equity and Infrastructure. We focus on opportunities where our sector and investment expertise, combined with our international presence and strong capital position, can create material value for our stakeholders.