3i Group (LON:III) Stock Price Up 11.5% – Here’s What Happened

3i Group (LON:III) shares rose 11.5% on Thursday . The stock traded as high as GBX 2,539 and last traded at GBX 2,534. 4,439,055 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 25,437,234 shares. The stock had previously closed at GBX 2,273.

Analyst Ratings Changes

Several equities research analysts have commented on III shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 4,300 price objective on shares of 3i Group in a report on Friday, May 15th. Citigroup lowered their price target on shares of 3i Group from GBX 4,750 to GBX 4,280 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Finally, UBS Group restated a “buy” rating and set a GBX 3,600 price target on shares of 3i Group in a research note on Monday, May 11th. Four analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 3,795.

3i Group Stock Performance

The company has a market capitalization of £25.70 billion, a PE ratio of 4.70, a PEG ratio of -0.35 and a beta of 1.18. The company has a quick ratio of 0.09, a current ratio of 131.80 and a debt-to-equity ratio of 4.08. The company has a 50-day moving average price of GBX 2,400.87 and a two-hundred day moving average price of GBX 2,852.05.

3i Group (LON:III) last issued its quarterly earnings data on Thursday, May 14th. The company reported GBX 539.40 earnings per share (EPS) for the quarter. 3i Group had a return on equity of 17.91% and a net margin of 1,236.92%.The business had revenue of GBX 549.60 billion for the quarter. Analysts predict that 3i Group will post 622.7106227 EPS for the current fiscal year.

Insider Buying and Selling at 3i Group

In related news, insider Simon Borrows purchased 50,000 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was acquired at an average price of GBX 2,229 per share, with a total value of £1,114,500. Also, insider Jasi Halai bought 471 shares of 3i Group stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of GBX 2,175 per share, for a total transaction of £10,244.25. Insiders purchased a total of 64,835 shares of company stock worth $142,641,889 over the last three months. 2.09% of the stock is owned by insiders.

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.