Insider Buying: 3i Group (LON:III) Insider Buys 30,000 Shares of Stock

3i Group (LON:III) insider Simon Borrows bought 30,000 shares of the business’s stock in a transaction that occurred on Thursday, January 29th. The stock was acquired at an average cost of GBX 3,490 per share, for a total transaction of £1,047,000.

Simon Borrows also recently made the following trade(s):

• On Thursday, November 13th, Simon Borrows bought 30,000 shares of 3i Group stock. The shares were acquired at an average price of GBX 3,367 per share, for a total transaction of £1,010,100.

3i Group Stock Down 1.9%

Shares of LON:III traded down GBX 66 during trading on Friday, reaching GBX 3,357. 353,295,375 shares of the stock traded hands, compared to its average volume of 63,369,762. The stock has a 50-day moving average of GBX 3,202.38 and a two-hundred day moving average of GBX 3,783.47. The company has a debt-to-equity ratio of 6.20, a quick ratio of 0.09 and a current ratio of 3.25. 3i Group has a 52-week low of GBX 2,957 and a 52-week high of GBX 4,497. The stock has a market cap of £33.12 billion, a P/E ratio of 5.17, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01.

3i Group (LON:III) last announced its earnings results 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%. As a group, sell-side analysts expect that 3i Group will post 622.7106227 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on III shares. Deutsche Bank Aktiengesellschaft reduced their price target on 3i Group from GBX 4,300 to GBX 4,200 and set a “buy” rating on the stock in a report on Monday, January 12th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of 3i Group in a research report on Monday, November 17th. Royal Bank Of Canada cut shares of 3i Group to an “underperform” rating and dropped their price objective for the stock from GBX 3,250 to GBX 3,000 in a research note on Monday. UBS Group restated a “buy” rating and issued a GBX 4,000 target price on shares of 3i Group in a research report on Friday, January 16th. Finally, Citigroup reiterated a “buy” rating and issued a GBX 4,800 target price on shares of 3i Group in a report on Friday, November 14th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, 3i Group presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 4,000.

3i Group Company Profile

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.