3i Group (LON:III) Shares Cross Above 200-Day Moving Average of $2,973.15

3i Group (LON:III - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,973.15 ($39.77) and traded as high as GBX 3,344.79 ($44.74). 3i Group shares last traded at GBX 3,305 ($44.21), with a volume of 2,179,543 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Morgan Stanley cut shares of 3i Group to an "equal weight" rating and dropped their price target for the company from GBX 3,246 ($43.42) to GBX 3,192 ($42.70) in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. restated an "overweight" rating on shares of 3i Group in a report on Friday, June 28th. Finally, Citigroup reiterated a "buy" rating and set a GBX 3,800 ($50.83) price target on shares of 3i Group in a report on Monday, July 15th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, 3i Group currently has a consensus rating of "Moderate Buy" and an average price target of GBX 3,148 ($42.11).

3i Group Stock Down 2.4 %

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 firm has a market capitalization of £31.11 billion, a P/E ratio of 812.59, a P/E/G ratio of -0.35 and a beta of 1.01. The stock's 50-day simple moving average is GBX 3,134.94 and its 200-day simple moving average is GBX 2,978.58.

Insider Transactions at 3i Group

In other 3i Group news, insider Peter McKellar purchased 542 shares of the company's stock in a transaction that occurred on Wednesday, July 31st. The shares were acquired at an average cost of GBX 3,113 ($41.64) per share, for a total transaction of £16,872.46 ($22,568.83). Insiders have acquired 551 shares of company stock worth $1,716,495 in the last 90 days. Insiders own 3.04% of the company's stock.

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.