3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY – Get Free Report) shares gapped up before the market opened on Friday. The stock had previously closed at $7.83, but opened at $8.27. 3i Group shares last traded at $8.26, with a volume of 33,555 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of 3i Group in a report on Friday, August 28th. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, 3i Group currently has a consensus rating of “Hold”.
Read Our Latest Research Report on TGOPY
3i Group Stock Performance
The business’s 50-day simple moving average is $8.72 and its 200 day simple moving average is $9.18.
3i Group Company Profile
3i Group plc is an investment company focused on private equity and infrastructure. Through its private equity business, the company invests in mid-market businesses and works with management teams to support growth, operational improvement and international expansion. Its infrastructure activities focus on investments in assets and businesses serving essential economic needs.
The company has a long history in development and investment finance. It was established in 1945 as the Industrial and Commercial Finance Corporation, created to provide funding to smaller and mid-sized businesses in the United Kingdom.
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