3i Group plc (III) Rating Reiterated by Barclays PLC
3i Group plc (LON:III)‘s stock had its “overweight” rating reaffirmed by research analysts at Barclays PLC in a research note issued to investors on Tuesday. They currently have a GBX 1,000 ($13.48) target price on the stock. Barclays PLC’s price target suggests a potential upside of 9.05% from the company’s previous close.
Several other analysts have also recently weighed in on the stock. Macquarie boosted their price objective on shares of 3i Group plc from GBX 742 ($10.00) to GBX 825 ($11.12) and gave the stock a “neutral” rating in a research note on Tuesday, June 13th. Canaccord Genuity boosted their price objective on shares of 3i Group plc from GBX 875 ($11.80) to GBX 975 ($13.15) and gave the stock a “buy” rating in a research note on Thursday, May 25th. Morgan Stanley cut shares of 3i Group plc to an “equal weight” rating and boosted their price objective for the stock from GBX 823 ($11.10) to GBX 940 ($12.67) in a research note on Tuesday, June 13th. J P Morgan Chase & Co reissued an “overweight” rating on shares of 3i Group plc in a research note on Wednesday, May 31st. Finally, Citigroup Inc. boosted their price objective on shares of 3i Group plc from GBX 710 ($9.57) to GBX 980 ($13.21) and gave the stock a “neutral” rating in a research note on Wednesday, June 7th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of GBX 960 ($12.94).
3i Group plc (LON:III) traded up 1.05% on Tuesday, hitting GBX 917.00. The stock had a trading volume of 1,324,454 shares. 3i Group plc has a 12-month low of GBX 599.50 and a 12-month high of GBX 974.50. The company has a 50 day moving average of GBX 5.44 and a 200 day moving average of GBX 4.94. The company’s market capitalization is GBX 8.82 billion.
In other 3i Group plc news, insider Julia Wilson sold 54,307 shares of the company’s stock in a transaction on Wednesday, July 26th. The shares were sold at an average price of GBX 928 ($12.51), for a total transaction of £503,968.96 ($679,478.17).
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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