3i Group plc (III) Receives Consensus Recommendation of “Buy” from Analysts
3i Group plc (LON:III) has been given an average rating of “Buy” by the six ratings firms that are currently covering the stock. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is GBX 592.83 ($7.23).
III has been the subject of several recent research reports. Societe Generale reaffirmed a “buy” rating and set a GBX 700 ($8.53) price objective on shares of 3i Group plc in a research report on Friday, July 1st. Canaccord Genuity upped their price objective on 3i Group plc from GBX 720 ($8.78) to GBX 780 ($9.51) and gave the stock a “buy” rating in a research report on Tuesday, October 4th. Barclays PLC reaffirmed an “overweight” rating and set a GBX 595 ($7.25) price objective on shares of 3i Group plc in a research report on Monday, July 11th. Finally, Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 640 ($7.80) price objective on shares of 3i Group plc in a research report on Wednesday, August 3rd.
Shares of 3i Group plc (LON:III) traded up 0.08% during mid-day trading on Tuesday, hitting GBX 650.50. The stock had a trading volume of 1,732,700 shares. 3i Group plc has a 52 week low of GBX 389.10 and a 52 week high of GBX 679.50. The stock has a 50 day moving average of GBX 5.49 and a 200-day moving average of GBX 4.90. The stock’s market capitalization is GBX 6.22 billion.
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In other 3i Group plc news, insider Wilson,Julia sold 54,340 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of GBX 621 ($7.57), for a total value of £337,451.40 ($411,275.32).
About 3i Group plc
3i Group plc is a United Kingdom-based investment manager focused on mid-market private equity, infrastructure and debt management. The Company invests in northern Europe and North America markets. The Company provides investment to private equities in various sectors, such as consumer, industrial and business services.
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