3i Group (LON:III) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of 3i Group (LON:III) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,671.51 and traded as high as GBX 2,831. 3i Group shares last traded at GBX 2,771, with a volume of 2,487,911 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 3,527 price objective on shares of 3i Group in a research note on Friday, June 26th. UBS Group reaffirmed a “buy” rating and issued a GBX 3,600 price target on shares of 3i Group in a report on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, 3i Group currently has an average rating of “Moderate Buy” and an average target price of GBX 3,601.75.

3i Group Trading Down 1.9%

The stock has a market capitalization of £27.77 billion, a P/E ratio of 5.14, a price-to-earnings-growth ratio of -0.35 and a beta of 1.63. The stock has a 50-day moving average price of GBX 2,745.08 and a two-hundred day moving average price of GBX 2,671.51. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.09 and a current ratio of 131.80.

Insider Buying and Selling

In related news, insider Peter McKellar purchased 624 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were acquired at an average price of GBX 2,920 per share, for a total transaction of £18,220.80. Also, insider David Hutchison acquired 3,181 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was bought at an average price of GBX 2,920 per share, with a total value of £92,885.20. Insiders have bought a total of 5,677 shares of company stock valued at $16,576,840 over the last three months. Insiders own 2.14% of the company’s stock.

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.