3i Group (LON:III) Stock Price Down 16.1% Following Analyst Downgrade

3i Group (LON:III) shares fell 16.1% on Thursday after Citigroup lowered their price target on the stock from GBX 4,750 to GBX 4,280. Citigroup currently has a buy rating on the stock. 3i Group traded as low as GBX 2,318 and last traded at GBX 2,343. 33,405,574 shares were traded during trading, an increase of 28% from the average session volume of 26,145,854 shares. The stock had previously closed at GBX 2,792.

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

Insider Activity

In other news, insider Simon Borrows bought 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 29th. The shares were purchased at an average price of GBX 3,490 per share, for a total transaction of £1,047,000. Insiders have purchased a total of 30,009 shares of company stock worth $104,729,139 over the last quarter. Corporate insiders own 2.08% of the company’s stock.

3i Group Stock Up 2.8%

The firm has a fifty day moving average price of GBX 3,140.32 and a 200-day moving average price of GBX 3,502.64. The company has a quick ratio of 0.09, a current ratio of 5.32 and a debt-to-equity ratio of 4.59. The firm has a market cap of £24.06 billion, a price-to-earnings ratio of 3.64, a PEG ratio of -0.35 and a beta of 1.02.

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.