3i Group (LON:III) Stock Price Down 19.1% – Here’s What Happened

3i Group (LON:III)’s stock price was down 19.1% during trading on Thursday . The company traded as low as GBX 1,825 and last traded at GBX 1,958.50. Approximately 66,850,133 shares traded hands during trading, an increase of 123% from the average daily volume of 30,012,730 shares. The stock had previously closed at GBX 2,421.

Analyst Ratings Changes

A number of equities research analysts have commented on III shares. Citigroup decreased their price objective on shares of 3i Group from GBX 4,750 to GBX 4,280 and set a “buy” rating on the stock in a report on Wednesday, March 25th. UBS Group reissued a “buy” rating and set a GBX 3,600 price objective on shares of 3i Group in a report on Monday. Finally, Royal Bank Of Canada lowered shares of 3i Group to an “underperform” rating and decreased their price objective for the stock from GBX 3,250 to GBX 3,000 in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, 3i Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 3,770.

3i Group Trading Down 12.7%

The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.09 and a current ratio of 5.32. The company has a market capitalization of £21.52 billion, a price-to-earnings ratio of 3.26, a P/E/G ratio of -0.35 and a beta of 1.15. The business’s 50-day simple moving average is GBX 2,720.57 and its 200-day simple moving average is GBX 3,171.21.

Insider Transactions at 3i Group

In other 3i Group news, insider Jasi Halai bought 70 shares of the business’s stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of GBX 2,572 per share, for a total transaction of £1,800.40. 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.