3i Group (LON:III) Sets New 12-Month Low – Here’s Why

3i Group (LON:III)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 2,846 and last traded at GBX 2,857.70, with a volume of 20145271 shares. The stock had previously closed at GBX 3,020.

Analyst Upgrades and Downgrades

Several analysts recently commented on III shares. Deutsche Bank Aktiengesellschaft reduced 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. UBS Group restated a “buy” rating and set a GBX 4,000 price target on shares of 3i Group in a report on Friday, January 16th. Finally, Royal Bank Of Canada lowered shares of 3i Group to an “underperform” rating and reduced their price objective for the company from GBX 3,250 to GBX 3,000 in a research note on Monday, January 26th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, 3i Group presently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,000.

3i Group Stock Performance

The stock has a market capitalization of £28.43 billion, a P/E ratio of 4.30, a price-to-earnings-growth ratio of -0.35 and a beta of 1.02. The company has a current ratio of 5.32, a quick ratio of 0.09 and a debt-to-equity ratio of 4.59. The company has a 50-day moving average price of GBX 3,206.46 and a two-hundred day moving average price of GBX 3,557.63.

Insiders Place Their Bets

In other 3i Group news, insider Simon Borrows bought 30,000 shares of the stock in a transaction 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. Insiders purchased 30,009 shares of company stock valued at $104,729,139 in the last ninety days. Insiders own 2.08% of the company’s stock.

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.