3i Group (LON:III) Sets New 12-Month High at $3,229.00

3i Group (LON:III) shares reached a new 52-week high during trading on Monday . The stock traded as high as GBX 3,229 ($42.66) and last traded at GBX 3,228 ($42.64), with a volume of 6660312 shares trading hands. The stock had previously closed at GBX 3,200 ($42.27).

Analyst Upgrades and Downgrades

Several brokerages have issued reports on III. Citigroup reiterated a “buy” rating and issued a GBX 3,800 ($50.20) price target on shares of 3i Group in a research note on Monday, July 15th. Morgan Stanley lowered shares of 3i Group to an “equal weight” rating and lowered their price target for the company from GBX 3,246 ($42.88) to GBX 3,192 ($42.17) in a research note on Wednesday, July 3rd. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a research note on Friday, June 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 3,148 ($41.59).

3i Group Stock Down 1.3 %

The stock has a market capitalization of £30.99 billion, a price-to-earnings ratio of 819.90, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. The firm’s 50 day simple moving average is GBX 3,080.80 and its 200-day simple moving average is GBX 2,923.36. The company has a current ratio of 3.23, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20.

Insider Transactions at 3i Group

In other news, insider Peter McKellar acquired 542 shares of the stock in a transaction dated Wednesday, July 31st. The shares were bought at an average cost of GBX 3,113 ($41.12) per share, for a total transaction of £16,872.46 ($22,288.59). In related news, insider Jasi Halai purchased 770 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were acquired at an average price of GBX 3,020 ($39.89) per share, for a total transaction of £23,254 ($30,718.63). Also, insider Peter McKellar purchased 542 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was bought at an average price of GBX 3,113 ($41.12) per share, for a total transaction of £16,872.46 ($22,288.59). Insiders have bought 1,317 shares of company stock worth $4,028,511 in the last ninety days. 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.