3i Group plc (III) Receives Consensus Rating of “Buy” from Analysts
Shares of 3i Group plc (LON:III) have been given a consensus rating of “Buy” by the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 969.17 ($13.14).
A number of brokerages have weighed in on III. Barclays reissued an “overweight” rating and set a GBX 1,000 ($13.56) price target on shares of 3i Group in a research note on Tuesday, September 19th. Societe Generale restated a “buy” rating and set a GBX 1,020 ($13.83) price objective on shares of 3i Group in a report on Friday, November 17th. Finally, Canaccord Genuity restated a “buy” rating and set a GBX 1,030 ($13.97) price objective on shares of 3i Group in a report on Tuesday, January 2nd.
3i Group (III) opened at GBX 950.40 ($12.89) on Friday. 3i Group has a 52 week low of GBX 678 ($9.19) and a 52 week high of GBX 975 ($13.22). The firm has a market capitalization of $9,230.00 and a price-to-earnings ratio of 742.50.
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3i Group 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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