Royal Bank Of Canada Downgrades 3i Group (LON:III) to Underperform

3i Group (LON:III) was downgraded by equities research analysts at Royal Bank Of Canada to an “underperform” rating in a report issued on Monday, MarketBeat.com reports. They presently have a GBX 3,000 target price on the stock, down from their previous target price of GBX 3,250. Royal Bank Of Canada’s target price would indicate a potential downside of 4.40% from the stock’s previous close.

A number of other research firms also recently weighed in on III. Citigroup reissued a “buy” rating and issued a GBX 4,800 target price on shares of 3i Group in a report on Friday, November 14th. UBS Group reaffirmed a “buy” rating and issued a GBX 4,000 price target on shares of 3i Group in a report on Friday, January 16th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a report on Monday, November 17th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on 3i Group from GBX 4,300 to GBX 4,200 and set a “buy” rating for the company in a report on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, 3i Group currently has an average rating of “Moderate Buy” and an average target price of GBX 4,000.

3i Group Stock Performance

Shares of LON III opened at GBX 3,138 on Monday. The stock has a market cap of £30.96 billion, a price-to-earnings ratio of 4.84, a P/E/G ratio of -0.35 and a beta of 1.01. The stock’s 50-day moving average is GBX 3,200.03 and its 200 day moving average is GBX 3,789.43. The company has a current ratio of 3.25, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20. 3i Group has a 1-year low of GBX 2,957 and a 1-year high of GBX 4,497.

3i Group (LON:III) last announced its quarterly earnings results on Thursday, November 13th. The company reported GBX 340.20 EPS for the quarter. 3i Group had a return on equity of 19.97% and a net margin of 96.45%. On average, sell-side analysts anticipate that 3i Group will post 622.7106227 EPS for the current fiscal year.

Insider Buying and Selling at 3i Group

In other 3i Group news, insider Simon Borrows acquired 30,000 shares of the business’s stock in a transaction on Thursday, November 13th. The stock was bought at an average price of GBX 3,367 per share, for a total transaction of £1,010,100. Also, insider Jasi Halai acquired 7,655 shares of 3i Group stock in a transaction that occurred on Friday, November 14th. The shares were bought at an average price of GBX 3,392 per share, for a total transaction of £259,657.60. Over the last ninety days, insiders have bought 81,677 shares of company stock valued at $277,535,494. Insiders own 2.15% of the company’s stock.

About 3i Group

3i is an investment company specialising in Private Equity and Infrastructure. We invest in mid-market companies headquartered in Europe and North America.

We generate attractive returns for our shareholders and co-investors by investing in private equity and infrastructure assets.

As proprietary capital investors we have a long-term, responsible approach.

We aim to compound value through thoughtful origination, disciplined investment and active management of our assets, driving sustainable growth in our investment companies.