3i Group (LON:III) Shares Cross Above 200 Day Moving Average - Should You Sell?

Shares of 3i Group (LON:III - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,003.10 ($39.30) and traded as high as GBX 3,294 ($43.11). 3i Group shares last traded at GBX 3,216 ($42.09), with a volume of 791,147 shares trading hands.

Analyst Ratings Changes

Several brokerages recently issued reports on III. Citigroup reissued a "buy" rating and set a GBX 3,800 ($49.73) price target on shares of 3i Group in a report on Monday, July 15th. Morgan Stanley downgraded shares of 3i Group to an "equal weight" rating and dropped their target price for the stock from GBX 3,246 ($42.48) to GBX 3,192 ($41.77) in a research note on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of 3i Group in a research note on Friday, June 28th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 3,148 ($41.20).

3i Group Stock Performance

The firm's 50-day moving average price is GBX 3,160.14 and its 200 day moving average price is GBX 3,004.57. 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 company has a market cap of £31.41 billion, a price-to-earnings ratio of 820.40, a PEG ratio of -0.35 and a beta of 1.01.

Insider Activity at 3i Group

In other news, insider Peter McKellar acquired 542 shares of the firm's stock in a transaction that occurred on Wednesday, July 31st. The stock was purchased at an average price of GBX 3,113 ($40.74) per share, for a total transaction of £16,872.46 ($22,081.48). Over the last 90 days, insiders bought 551 shares of company stock worth $1,716,495. 3.04% of the stock is currently 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.