3i Group (LON:III) Sets New 52-Week High - Should You Buy?

3i Group (LON:III - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 3,411.50 ($44.55) and last traded at GBX 3,393 ($44.31), with a volume of 2952699 shares traded. The stock had previously closed at GBX 3,326 ($43.43).

Analysts Set New Price Targets

III has been the subject of a number of research analyst reports. Morgan Stanley lowered shares of 3i Group to an "equal weight" rating and reduced their price target for the stock from GBX 3,246 ($42.39) to GBX 3,192 ($41.68) in a research report on Wednesday, July 3rd. Citigroup reaffirmed a "buy" rating and set a GBX 3,800 ($49.62) price objective on shares of 3i Group in a research report on Monday, July 15th. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of 3i Group in a research report on Friday, June 28th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, 3i Group has an average rating of "Moderate Buy" and a consensus price target of GBX 3,148 ($41.11).

3i Group Stock Performance

The company has a market cap of £32.94 billion, a P/E ratio of 860.45, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. The company has a quick ratio of 0.09, a current ratio of 3.23 and a debt-to-equity ratio of 6.20. The stock's 50-day moving average price is GBX 3,191.06 and its 200 day moving average price is GBX 3,029.18.

Insider Activity

In other news, insider Peter McKellar purchased 542 shares of the company's stock in a transaction dated Wednesday, July 31st. The shares were bought at an average price of GBX 3,113 ($40.65) per share, with a total value of £16,872.46 ($22,032.46). Insiders have bought a total of 551 shares of company stock valued at $1,716,495 over the last 90 days. 3.04% of the stock is currently owned by company insiders.

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.