3i Group (LON:III - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,048.75 ($39.58) and traded as high as GBX 3,309 ($42.96). 3i Group shares last traded at GBX 3,281 ($42.60), with a volume of 948,371 shares.
Analysts Set New Price Targets
A number of research firms have commented on III. Citigroup reaffirmed a "buy" rating and issued a GBX 3,800 ($49.34) target price on shares of 3i Group in a research report on Monday, July 15th. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of 3i Group in a research report on Friday, June 28th. Finally, Morgan Stanley lowered 3i Group to an "equal weight" rating and cut their target price for the company from GBX 3,246 ($42.14) to GBX 3,192 ($41.44) in a research report on Wednesday, July 3rd. 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of GBX 3,148 ($40.87).
Read Our Latest Stock Analysis on III
3i Group Price Performance
The company's 50-day moving average price is GBX 3,237.96 and its 200-day moving average price is GBX 3,055.31. 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 firm has a market cap of £31.61 billion, a price-to-earnings ratio of 825.69, a PEG ratio of -0.35 and a beta of 1.01.
Insider Buying and Selling
In other 3i Group news, insider Peter McKellar purchased 542 shares of the firm's stock in a transaction on Wednesday, July 31st. The stock was bought at an average price of GBX 3,113 ($40.42) per share, with a total value of £16,872.46 ($21,906.60). Insiders have acquired a total of 551 shares of company stock valued at $1,716,495 in the last ninety days. Company insiders own 3.02% of the company's stock.
About 3i Group
(
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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.
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