3i Group (LON:III) Shares Up 14.3% – Here’s What Happened

3i Group (LON:III)’s stock price traded up 14.3% during trading on Thursday . The stock traded as high as GBX 3,626 and last traded at GBX 3,598. 351,324,969 shares were traded during mid-day trading, an increase of 1,217% from the average session volume of 26,684,402 shares. The stock had previously closed at GBX 3,147.

Wall Street Analysts Forecast Growth

III has been the subject of several analyst reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of 3i Group in a report on Monday, November 17th. Citigroup restated a “buy” rating and set a GBX 4,800 price objective on shares of 3i Group in a research report on Friday, November 14th. Royal Bank Of Canada lowered shares of 3i Group to an “underperform” rating and decreased their target price for the company from GBX 3,250 to GBX 3,000 in a report on Monday. Deutsche Bank Aktiengesellschaft cut their price target on shares of 3i Group from GBX 4,300 to GBX 4,200 and set a “buy” rating for the company in a report on Monday, January 12th. Finally, UBS Group reaffirmed a “buy” rating and set a GBX 4,000 price target on shares of 3i Group in a research report on Friday, January 16th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,000.

3i Group Trading Up 10.5%

The business’s 50-day simple moving average is GBX 3,196.83 and its two-hundred day simple moving average is GBX 3,784.93. The firm has a market capitalization of £34.31 billion, a price-to-earnings ratio of 5.36, a PEG ratio of -0.35 and a beta of 1.01. The company has a quick ratio of 0.09, a current ratio of 3.25 and a debt-to-equity ratio of 6.20.

3i Group (LON:III) last posted its quarterly earnings data on Thursday, November 13th. The company reported GBX 340.20 earnings per share for the quarter. 3i Group had a net margin of 96.45% and a return on equity of 19.97%. Equities analysts forecast that 3i Group will post 622.7106227 earnings per share for the current year.

Insider Transactions at 3i Group

In other news, insider James Hatchley bought 15,000 shares of the stock in a transaction that occurred on Monday, November 17th. The stock was bought at an average cost of GBX 3,397 per share, for a total transaction of £509,550. Also, insider Jasi Halai bought 10 shares of the company’s stock in a transaction on Monday, December 1st. The stock was purchased at an average cost of GBX 3,229 per share, with a total value of £322.90. Over the last three months, insiders acquired 81,677 shares of company stock valued at $277,535,494. Corporate insiders own 2.15% of the company’s stock.

About 3i Group

3i is an investment company specialising in Private Equity and Infrastructure. We invest in mid-market companies headquartered in Europe and North America.

We generate attractive returns for our shareholders and co-investors by investing in private equity and infrastructure assets.

As proprietary capital investors we have a long-term, responsible approach.

We aim to compound value through thoughtful origination, disciplined investment and active management of our assets, driving sustainable growth in our investment companies.