3i Group (LON:III) Hits New 12-Month Low – Here’s What Happened

Shares of 3i Group (LON:III) hit a new 52-week low on Thursday . The stock traded as low as GBX 2,929 and last traded at GBX 2,929, with a volume of 2085437 shares. The stock had previously closed at GBX 3,187.

Wall Street Analysts Forecast Growth

III has been the topic of several research reports. Royal Bank Of Canada lowered 3i Group to an “underperform” rating and cut their target price for the stock from GBX 3,250 to GBX 3,000 in a research report on Monday, January 26th. UBS Group reissued a “buy” rating and issued a GBX 4,000 price objective on shares of 3i Group in a research report on Friday, January 16th. JPMorgan Chase & Co. restated an “overweight” rating on shares of 3i Group in a report on Monday, November 17th. Deutsche Bank Aktiengesellschaft dropped their target price 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. Finally, Citigroup restated a “buy” rating and issued a GBX 4,800 price target 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 assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of GBX 4,000.

3i Group Stock Up 2.8%

The company has a debt-to-equity ratio of 4.59, a current ratio of 5.32 and a quick ratio of 0.09. The firm has a market cap of £30.64 billion, a P/E ratio of 4.64, a PEG ratio of -0.35 and a beta of 1.35. The firm’s 50-day moving average price is GBX 3,261.07 and its 200 day moving average price is GBX 3,629.21.

Insider Buying and Selling at 3i Group

In other 3i Group news, insider Simon Borrows purchased 30,000 shares of 3i Group stock in a transaction dated Thursday, January 29th. The shares were bought at an average cost of GBX 3,490 per share, for a total transaction of £1,047,000. Insiders have acquired 30,009 shares of company stock worth $104,729,139 over the last 90 days. 2.08% of the stock is currently owned by corporate insiders.

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.