3i Group (LON:III) Stock Passes Above Two Hundred Day Moving Average of $2,905.69

3i Group (LON:III) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,905.69 ($38.00) and traded as high as GBX 3,117 ($40.76). 3i Group shares last traded at GBX 3,084 ($40.33), with a volume of 592,012 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Citigroup reissued a “buy” rating and issued a GBX 3,800 ($49.69) target price on shares of 3i Group in a research note on Monday, July 15th. Morgan Stanley downgraded shares of 3i Group to an “equal weight” rating and reduced their price objective for the company from GBX 3,246 ($42.45) to GBX 3,192 ($41.74) in a research note on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of 3i Group in a research note on Friday, June 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 3,148 ($41.17).

3i Group Stock Performance

The stock’s 50 day moving average price is GBX 3,071.48 and its 200 day moving average price is GBX 2,915.48. The company has a current ratio of 3.23, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20. The company has a market cap of £30.79 billion, a price-to-earnings ratio of 804.28, a P/E/G ratio of -0.35 and a beta of 1.01.

Insider Buying and Selling

In related news, insider Jasi Halai purchased 770 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were bought at an average price of GBX 3,020 ($39.49) per share, for a total transaction of £23,254 ($30,409.31). In other news, insider Jasi Halai acquired 770 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were bought at an average cost of GBX 3,020 ($39.49) per share, for a total transaction of £23,254 ($30,409.31). Also, insider Peter McKellar bought 542 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were purchased at an average price of GBX 3,113 ($40.71) per share, with a total value of £16,872.46 ($22,064.16). Over the last quarter, insiders purchased 1,317 shares of company stock valued at $4,028,511. Insiders own 3.04% of the company’s stock.

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.