3i Group (LON:III) Reaches New 12-Month High at $3,328.00

3i Group (LON:III - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 3,328 ($44.42) and last traded at GBX 3,328 ($44.42), with a volume of 136025563 shares traded. The stock had previously closed at GBX 3,303 ($44.09).

Wall Street Analyst Weigh In

III has been the topic of several research analyst reports. Morgan Stanley cut shares of 3i Group to an "equal weight" rating and decreased their price target for the stock from GBX 3,246 ($43.33) to GBX 3,192 ($42.61) in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. reissued an "overweight" rating on shares of 3i Group in a research note on Friday, June 28th. Finally, Citigroup reaffirmed a "buy" rating and issued a GBX 3,800 ($50.72) price objective on shares of 3i Group in a research note on Monday, July 15th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, 3i Group presently has a consensus rating of "Moderate Buy" and an average price target of GBX 3,148 ($42.02).

3i Group Trading Up 1.2 %

The stock has a market cap of £32.22 billion, a P/E ratio of 841.56, 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 quick ratio of 0.09 and a current ratio of 3.23. The stock's fifty day moving average is GBX 3,098.92 and its 200 day moving average is GBX 2,943.96.

Insider Activity at 3i Group

In other 3i Group news, insider Peter McKellar acquired 542 shares of 3i Group stock in a transaction that occurred on Wednesday, July 31st. The stock was bought at an average price of GBX 3,113 ($41.55) per share, with a total value of £16,872.46 ($22,520.64). In other news, insider Peter McKellar purchased 542 shares of the firm's stock in a transaction on Wednesday, July 31st. The stock was acquired at an average cost of GBX 3,113 ($41.55) per share, with a total value of £16,872.46 ($22,520.64). Also, insider Jasi Halai acquired 770 shares of the business's stock in a transaction dated Thursday, June 27th. The stock was purchased at an average cost of GBX 3,020 ($40.31) per share, for a total transaction of £23,254 ($31,038.44). Insiders acquired a total of 1,317 shares of company stock worth $4,028,511 in the last quarter. 3.04% of the stock is owned by company insiders.

3i Group Company Profile

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.