3i Group (LON:III)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a report issued on Monday. They currently have a GBX 1,035 ($14.30) price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 12.06% from the company’s previous close.
Other analysts have also issued reports about the company. Canaccord Genuity increased their price objective on 3i Group from GBX 1,030 ($14.23) to GBX 1,035 ($14.30) and gave the stock a “buy” rating in a report on Tuesday, February 6th. Societe Generale reiterated a “buy” rating and set a GBX 1,020 ($14.09) price objective on shares of 3i Group in a report on Friday, November 17th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of GBX 979.29 ($13.53).
Shares of 3i Group (III) opened at GBX 923.60 ($12.76) on Monday. The stock has a market capitalization of $8,970.00 and a price-to-earnings ratio of 721.56. 3i Group has a 1-year low of GBX 694 ($9.59) and a 1-year high of GBX 975 ($13.47).
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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