3i Group (OTCMKTS:TGOPY) Sees Large Volume Increase – Time to Buy?

Shares of 3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY) saw an uptick in trading volume on Tuesday . 937,877 shares traded hands during mid-day trading, an increase of 117% from the previous session’s volume of 432,269 shares.The stock last traded at $10.4850 and had previously closed at $10.58.

Analysts Set New Price Targets

TGOPY has been the subject of several analyst reports. UBS Group raised shares of 3i Group from a “hold” rating to a “buy” rating in a research report on Thursday, October 2nd. Citigroup reissued a “buy” rating on shares of 3i Group in a research note on Friday, November 14th. Sanford C. Bernstein began coverage on shares of 3i Group in a report on Thursday, September 18th. They issued an “outperform” rating on the stock. Finally, Kepler Capital Markets lowered shares of 3i Group from a “hold” rating to a “strong sell” rating in a report on Friday, November 14th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, 3i Group currently has a consensus rating of “Moderate Buy”.

3i Group Trading Down 1.2%

The stock’s 50 day simple moving average is $13.16 and its two-hundred day simple moving average is $19.29.

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.