3i Plans Dividend of GBX 8 (III)
3i (LON:III) declared a dividend on Thursday, November 16th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, December 14th will be paid a dividend of GBX 8 ($0.11) per share on Wednesday, January 10th. This represents a yield of 0.86%. The ex-dividend date of this dividend is Thursday, December 14th. The official announcement can be viewed at this link.
Shares of 3I (LON:III) traded down GBX 2 ($0.03) during trading on Friday, hitting GBX 863.50 ($11.62). The stock had a trading volume of 1,670,000 shares, compared to its average volume of 1,750,000. 3I has a 1 year low of GBX 669.50 ($9.01) and a 1 year high of GBX 975 ($13.12).
Several brokerages have recently issued reports on III. Barclays reaffirmed an “overweight” rating and set a GBX 1,000 ($13.46) target price on shares of 3I in a research report on Tuesday, September 19th. Canaccord Genuity raised their target price on 3I from GBX 975 ($13.12) to GBX 1,030 ($13.86) and gave the company a “buy” rating in a research report on Friday, November 24th. Finally, Societe Generale reaffirmed a “buy” rating and set a GBX 1,020 ($13.73) target price on shares of 3I in a research report on Friday, November 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. 3I has an average rating of “Buy” and an average target price of GBX 969.17 ($13.04).
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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