3i Group (LON:III) Sets New 1-Year Low – Time to Sell?

3i Group (LON:III) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 2,892.90 and last traded at GBX 2,896, with a volume of 89174641 shares. The stock had previously closed at GBX 2,930.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup reaffirmed a “buy” rating and set a GBX 4,800 target price on shares of 3i Group in a report on Friday, November 14th. UBS Group reissued a “buy” rating and issued a GBX 4,000 price target on shares of 3i Group in a research note on Friday, January 16th. JPMorgan Chase & Co. restated an “overweight” rating on shares of 3i Group in a research report on Monday, November 17th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of 3i Group from GBX 4,300 to GBX 4,200 and set a “buy” rating for the company in a research note on Monday, January 12th. Finally, Royal Bank Of Canada lowered shares of 3i Group to an “underperform” rating and decreased their target price for the stock from GBX 3,250 to GBX 3,000 in a research note on Monday, January 26th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 4,000.

3i Group Price Performance

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 stock has a 50 day simple moving average of GBX 3,249.53 and a two-hundred day simple moving average of GBX 3,607.05. The company has a market cap of £29.72 billion, a price-to-earnings ratio of 4.50, a price-to-earnings-growth ratio of -0.35 and a beta of 1.02.

Insider Activity at 3i Group

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

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.