3i Group plc (III) Given Consensus Recommendation of “Buy” by Brokerages
Shares of 3i Group plc (LON:III) have been given an average rating of “Buy” by the seven research firms that are covering the stock, MarketBeat Ratings reports. Three 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 brokerages that have updated their coverage on the stock in the last year is GBX 960 ($12.73).
Several equities research analysts recently commented on the company. Societe Generale restated a “buy” rating and set a GBX 1,020 ($13.53) target price on shares of 3i Group plc in a research report on Tuesday, September 19th. Citigroup Inc. lifted their target price on 3i Group plc from GBX 980 ($13.00) to GBX 1,000 ($13.26) and gave the stock a “neutral” rating in a report on Thursday, August 10th. Macquarie lifted their target price on 3i Group plc from GBX 742 ($9.84) to GBX 825 ($10.94) and gave the stock a “neutral” rating in a report on Tuesday, June 13th. Morgan Stanley lowered 3i Group plc to an “equal weight” rating and boosted their price target for the company from GBX 823 ($10.92) to GBX 940 ($12.47) in a research note on Tuesday, June 13th. Finally, Barclays PLC reissued an “overweight” rating and issued a GBX 1,000 ($13.26) price target on shares of 3i Group plc in a research note on Tuesday, September 19th.
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In related news, insider Julia Wilson sold 54,307 shares of the business’s stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of GBX 928 ($12.31), for a total value of £503,968.96 ($668,482.50). Over the last 90 days, insiders bought 48 shares of company stock valued at $44,768.
3i Group plc (III) opened at 933.50 on Wednesday. The firm has a 50-day moving average of GBX 5.44 and a 200-day moving average of GBX 4.94. The company’s market cap is GBX 8.98 billion. 3i Group plc has a 52 week low of GBX 599.50 and a 52 week high of GBX 974.50.
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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