3i Group plc (III) Receives Average Rating of “Buy” from Analysts
Shares of 3i Group plc (LON:III) have been given a consensus recommendation of “Buy” by the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 919.17 ($11.87).
III has been the topic of a number of recent research reports. J P Morgan Chase & Co reiterated an “overweight” rating on shares of 3i Group plc in a research note on Wednesday, May 31st. Canaccord Genuity reissued a “buy” rating and set a GBX 875 ($11.30) price target on shares of 3i Group plc in a research report on Friday, May 12th. Barclays PLC reissued an “overweight” rating and set a GBX 980 ($12.66) price target (up previously from GBX 750 ($9.69)) on shares of 3i Group plc in a research report on Thursday, June 1st. Morgan Stanley downgraded 3i Group plc to an “equal weight” rating and increased their price target for the stock from GBX 823 ($10.63) to GBX 940 ($12.14) in a research report on Tuesday, June 13th. Finally, Macquarie increased their price target on 3i Group plc from GBX 742 ($9.58) to GBX 825 ($10.65) and gave the stock a “neutral” rating in a research report on Tuesday, June 13th.
Shares of 3i Group plc (III) opened at 930.50 on Friday. 3i Group plc has a one year low of GBX 599.50 and a one year high of GBX 974.50. The stock’s 50 day moving average price is GBX 5.44 and its 200 day moving average price is GBX 4.94. The firm’s market cap is GBX 8.95 billion.
In related news, insider Julia Wilson sold 60,747 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of GBX 908 ($11.73), for a total transaction of £551,582.76 ($712,363.12). Insiders have sold 147,232 shares of company stock worth $135,416,356 in the last three months.
About 3i Group plc
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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