3i Group plc Price Target Raised to GBX 430 at Citigroup Inc. (III)
Research analysts at Citigroup Inc. boosted their target price on shares of 3i Group plc (LON:III) from GBX 410 ($6.90) to GBX 430 ($7.23) in a report released on Thursday. The firm currently has a “buy” rating on the stock. Citigroup Inc.’s price objective indicates a potential upside of 2.25% from the stock’s previous close.
Shares of 3i Group plc (LON:III) traded up 3.83% on Thursday, hitting GBX 420.52. 3,667,962 shares of the company’s stock traded hands. 3i Group plc has a 1-year low of GBX 308.30 and a 1-year high of GBX 423.40. The stock has a 50-day moving average of GBX 407.1 and a 200-day moving average of GBX 381.6. The company’s market cap is £3.974 billion.
The company also recently announced a dividend, which is scheduled for Friday, July 25th. Stockholders of record on Wednesday, June 18th will be paid a dividend of GBX 13.30 ($0.22) per share. This represents a dividend yield of 3.32%. The ex-dividend date is Wednesday, June 18th.
A number of other analysts have also recently weighed in on III. Analysts at Barclays reiterated an “overweight” rating on shares of 3i Group plc in a research note on Thursday, May 15th. They now have a GBX 430 ($7.23) price target on the stock. Analysts at Societe Generale raised their price target on shares of 3i Group plc from GBX 415 ($6.98) to GBX 460 ($7.74) in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of GBX 424.25 ($7.14).
3i Group plc is an international investor focused on private equity, infrastructure and debt management, investing in Europe, Asia and the Americas.
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