3i Group plc Given Buy Rating at Oriel Securities Ltd (III)
3i Group plc (LON:III)‘s stock had its “buy” rating restated by investment analysts at Oriel Securities Ltd in a note issued to investors on Friday. They currently have a GBX 465 ($7.83) price target on the stock. Oriel Securities Ltd’s price objective suggests a potential upside of 8.06% from the stock’s previous close.
3i Group plc (LON:III) opened at 430.70 on Friday. 3i Group plc has a one year low of GBX 308.30 and a one year high of GBX 431.20. The stock’s 50-day moving average is GBX 407.1 and its 200-day moving average is GBX 381.6. The company’s market cap is £4.070 billion.
The company also recently announced a dividend, which is scheduled for Friday, July 25th. Shareholders 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 of this dividend is Wednesday, June 18th.
A number of other analysts have also recently weighed in on III. Analysts at Citigroup Inc. raised their price target on shares of 3i Group plc from GBX 410 ($6.90) to GBX 430 ($7.24) in a research note on Thursday, May 22nd. They now have a “buy” rating on the stock. Separately, 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 ($7.24) price target on the stock. Finally, analysts at Societe Generale raised their price target on shares of 3i Group plc from GBX 415 ($6.99) to GBX 460 ($7.74) in a research note on Thursday, May 8th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of GBX 432.40 ($7.28).
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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