3i Group (LON:III) had its price target increased by research analysts at Barclays from GBX 1,120 ($13.78) to GBX 1,200 ($14.77) in a research report issued on Friday, Stock Target Advisor reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 34.89% from the company’s current price.
III has been the subject of several other reports. BNP Paribas started coverage on 3i Group in a research report on Wednesday, July 15th. They set an “outperform” rating and a GBX 970 ($11.94) target price for the company. Morgan Stanley boosted their target price on 3i Group from GBX 852 ($10.48) to GBX 940 ($11.57) and gave the stock an “equal weight” rating in a research report on Thursday, July 9th. Finally, Citigroup restated a “hold” rating and set a GBX 974 ($11.99) target price on shares of 3i Group in a research report on Friday, June 12th.
Shares of III stock opened at GBX 889.60 ($10.95) on Friday. The stock has a 50-day moving average price of GBX 954.43. The company has a debt-to-equity ratio of 7.67, a quick ratio of 6.39 and a current ratio of 7.62. The firm has a market capitalization of $8.66 billion and a price-to-earnings ratio of 40.25. 3i Group has a 12 month low of GBX 8.28 ($0.10) and a 12 month high of GBX 1,189 ($14.63).
3i Group (LON:III) last announced its quarterly earnings data on Thursday, May 14th. The company reported GBX 22.10 ($0.27) EPS for the quarter, topping the Zacks’ consensus estimate of GBX (75.50) (($0.93)) by GBX 97.60 ($1.20). On average, analysts expect that 3i Group will post 11263.8448603 EPS for the current year.
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.
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