3i Group plc (III) Receives Consensus Rating of “Buy” from Analysts
3i Group plc (LON:III) has received a consensus recommendation of “Buy” from the seven research firms that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 919.17 ($11.93).
A number of brokerages have recently issued reports on III. Citigroup Inc. raised their price objective on 3i Group plc from GBX 980 ($12.72) to GBX 1,000 ($12.98) and gave the stock a “neutral” rating in a research report on Thursday, August 10th. Barclays PLC restated an “overweight” rating and set a GBX 980 ($12.72) price objective (up from GBX 750 ($9.74)) on shares of 3i Group plc in a research report on Thursday, June 1st. J P Morgan Chase & Co restated an “overweight” rating on shares of 3i Group plc in a research report on Wednesday, May 31st. Morgan Stanley downgraded 3i Group plc to an “equal weight” rating and raised their price objective for the stock from GBX 823 ($10.68) to GBX 940 ($12.20) in a research report on Tuesday, June 13th. Finally, Canaccord Genuity raised their price objective on 3i Group plc from GBX 875 ($11.36) to GBX 975 ($12.66) and gave the stock a “buy” rating in a research report on Thursday, May 25th.
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In other 3i Group plc news, insider Julia Wilson sold 32,178 shares of 3i Group plc stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of GBX 928 ($12.05), for a total value of £298,611.84 ($387,656.55). Also, insider Caroline Banszky bought 3,000 shares of the stock in a transaction on Thursday, May 18th. The stock was acquired at an average price of GBX 838 ($10.88) per share, with a total value of £25,140 ($32,636.64). Over the last quarter, insiders acquired 3,033 shares of company stock valued at $2,543,788 and sold 175,902 shares valued at $161,764,086.
Shares of 3i Group plc (LON:III) opened at 939.00 on Tuesday. The company’s market capitalization is GBX 9.03 billion. The stock has a 50 day moving average price of GBX 5.47 and a 200-day moving average price of GBX 4.93. 3i Group plc has a 52 week low of GBX 599.50 and a 52 week high of GBX 961.50.
The firm also recently announced a dividend, which was paid on Friday, July 21st. Shareholders of record on Thursday, June 15th were issued a GBX 18.50 ($0.24) dividend. This is an increase from 3i Group plc’s previous dividend of $8.00. This represents a yield of 2.2%. The ex-dividend date of this dividend was Thursday, June 15th.
3i Group plc Company Profile
3i Group plc is an investment company with approximately three complementary businesses, Private Equity, Infrastructure and Debt Management, specializing in core investment markets in northern Europe and North America. The Company’s Private Equity business includes investment and asset management to generate capital returns, and is focused on consumer, industrial and business services sectors.
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