3i Group (LON:III) Hits New 1-Year High at $3,195.00

3i Group (LON:III) shares hit a new 52-week high on Monday . The stock traded as high as GBX 3,195 ($41.52) and last traded at GBX 3,195 ($41.52), with a volume of 29456426 shares traded. The stock had previously closed at GBX 3,135.93 ($40.75).

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on III. Citigroup reiterated a “buy” rating and set a GBX 3,800 ($49.38) price objective on shares of 3i Group in a research note on Monday, July 15th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a report on Friday, June 28th. Barclays upped their price objective on 3i Group from GBX 2,815 ($36.58) to GBX 3,050 ($39.63) and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, Morgan Stanley lowered 3i Group to an “equal weight” rating and cut their target price for the company from GBX 3,246 ($42.18) to GBX 3,192 ($41.48) in a research note on Wednesday, July 3rd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,148 ($40.90).

3i Group Stock Performance

The business has a 50-day moving average price of GBX 3,049.18 and a 200-day moving average price of GBX 2,839.82. The company has a quick ratio of 0.09, a current ratio of 1.48 and a debt-to-equity ratio of 6.74. The firm has a market capitalization of £30.87 billion, a price-to-earnings ratio of 696.21, a P/E/G ratio of -0.35 and a beta of 1.03.

Insider Activity at 3i Group

In other 3i Group news, insider James Hatchley sold 23,027 shares of the firm’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of GBX 2,903 ($37.72), for a total value of £668,473.81 ($868,599.03). In other news, insider James Hatchley sold 23,027 shares of 3i Group stock in a transaction on Thursday, May 30th. The shares were sold at an average price of GBX 2,903 ($37.72), for a total transaction of £668,473.81 ($868,599.03). Also, insider Jasi Halai acquired 770 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were bought at an average cost of GBX 3,020 ($39.24) per share, for a total transaction of £23,254 ($30,215.70). 3.39% of the stock is currently owned by corporate insiders.

3i Group Company Profile

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.