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

3i Group (LON:III)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,668.70 ($48.61) and traded as high as GBX 4,177 ($55.35). 3i Group shares last traded at GBX 4,154 ($55.04), with a volume of 1,150,651 shares.

Wall Street Analysts Forecast Growth

III has been the topic of several recent analyst reports. Citigroup reaffirmed a “buy” rating and issued a GBX 4,850 ($64.26) price target on shares of 3i Group in a report on Tuesday, April 15th. JPMorgan Chase & Co. reiterated a “top pick” rating on shares of 3i Group in a research report on Tuesday, January 7th.

3i Group Stock Performance

The company has a 50 day simple moving average of GBX 3,845.20 and a 200-day simple moving average of GBX 3,668.70. The company has a debt-to-equity ratio of 6.20, a current ratio of 3.25 and a quick ratio of 0.09. The stock has a market cap of £40.10 billion, a P/E ratio of 10.48, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01.

About 3i Group

3i is an investment company with two complementary businesses, Private Equity and Infrastructure.

We focus on opportunities where our sector and investment expertise, combined with our international presence and strong capital position, can create material value for our stakeholders.