3i Group (LON:III) Price Target Cut to GBX 4,280 by Analysts at Citigroup

3i Group (LON:III) had its price objective reduced by stock analysts at Citigroup from GBX 4,750 to GBX 4,280 in a research report issued on Wednesday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 52.75% from the company’s previous close.

III has been the topic of a number of other research reports. UBS Group restated a “buy” rating and set a GBX 4,000 price target on shares of 3i Group in a research note on Wednesday. Royal Bank Of Canada cut shares of 3i Group to an “underperform” rating and lowered their target price for the stock from GBX 3,250 to GBX 3,000 in a research note on Monday, January 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on shares of 3i Group from GBX 4,300 to GBX 4,200 and set a “buy” rating on the stock in a research report on Monday, January 12th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 3,870.

3i Group Trading Up 1.9%

Shares of LON:III opened at GBX 2,802 on Wednesday. The business’s 50-day moving average is GBX 3,182.79 and its 200 day moving average is GBX 3,527.34. The company has a debt-to-equity ratio of 4.59, a current ratio of 5.32 and a quick ratio of 0.09. 3i Group has a 1 year low of GBX 2,584 and a 1 year high of GBX 4,497. The firm has a market capitalization of £28.52 billion, a P/E ratio of 4.32, a P/E/G ratio of -0.35 and a beta of 1.02.

Insider Buying and Selling at 3i Group

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