3i Group Plc (LON:III) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of 3i Group Plc (LON:IIIGet Rating) have been assigned a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,271 ($15.67).

III has been the subject of several research analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a research report on Monday, March 28th. Citigroup reiterated a “buy” rating and issued a GBX 1,444 ($17.80) price objective on shares of 3i Group in a research report on Friday, March 25th. Morgan Stanley restated an “overweight” rating on shares of 3i Group in a research report on Wednesday. Barclays restated an “overweight” rating and issued a GBX 1,840 ($22.69) price target on shares of 3i Group in a research report on Friday, May 6th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a GBX 380 ($4.68) price target on shares of 3i Group in a research report on Thursday, March 24th.

LON:III opened at GBX 1,310 ($16.15) on Friday. The stock has a fifty day moving average price of GBX 1,321.86 and a two-hundred day moving average price of GBX 1,361.41. The stock has a market capitalization of £12.75 billion and a price-to-earnings ratio of 4.53. The company has a debt-to-equity ratio of 8.87, a quick ratio of 0.55 and a current ratio of 0.93. 3i Group has a 1 year low of GBX 1,071 ($13.20) and a 1 year high of GBX 1,507.50 ($18.59).

The business also recently disclosed a dividend, which will be paid on Friday, July 22nd. Investors of record on Thursday, June 16th will be given a dividend of GBX 27.25 ($0.34) per share. This represents a yield of 2.14%. The ex-dividend date of this dividend is Thursday, June 16th. This is a boost from 3i Group’s previous dividend of $19.25. 3i Group’s dividend payout ratio (DPR) is currently 0.13%.

3i Group Company Profile (Get Rating)

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.

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Analyst Recommendations for 3i Group (LON:III)

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