Citigroup Lowers 3i Group (LON:III) Price Target to GBX 4,280

3i Group (LON:III) had its price objective cut by investment analysts at Citigroup from GBX 4,750 to GBX 4,280 in a note issued to investors on Wednesday, MarketBeat reports. The firm currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 83.77% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Deutsche Bank Aktiengesellschaft decreased their target price on 3i Group from GBX 4,300 to GBX 4,200 and set a “buy” rating on the stock in a research note on Monday, January 12th. Royal Bank Of Canada downgraded 3i Group to an “underperform” rating and dropped their price target for the company from GBX 3,250 to GBX 3,000 in a research report on Monday, January 26th. Finally, UBS Group reissued a “buy” rating and set a GBX 4,000 price objective on shares of 3i Group in a report on Wednesday. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, 3i Group has an average rating of “Moderate Buy” and a consensus target price of GBX 3,870.

3i Group Trading Down 16.6%

Shares of III stock opened at GBX 2,329 on Wednesday. The company has a market capitalization of £23.71 billion, a PE ratio of 3.59, a price-to-earnings-growth ratio of -0.35 and a beta of 1.02. 3i Group has a 52-week low of GBX 2,255 and a 52-week high of GBX 4,497. The business’s fifty day moving average is GBX 3,160.37 and its 200 day moving average is GBX 3,513.83. The company has a debt-to-equity ratio of 4.59, a quick ratio of 0.09 and a current ratio of 5.32.

Insider Activity

In related news, insider Simon Borrows acquired 30,000 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was bought at an average cost of GBX 3,490 per share, with a total value of £1,047,000. Over the last ninety days, insiders have acquired 30,009 shares of company stock worth $104,729,139. Insiders own 2.08% of the company’s stock.

3i Group Company Profile

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.