3i Group (LON:III) Stock Crosses Above 200-Day Moving Average – Here’s Why

3i Group (LON:III)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,889.18 ($52.37) and traded as high as GBX 4,086 ($55.02). 3i Group shares last traded at GBX 4,039.68 ($54.40), with a volume of 559,241 shares.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a “buy” rating and set a GBX 4,850 ($65.31) price target on shares of 3i Group in a research note on Tuesday, April 15th.

3i Group Price Performance

The company’s 50-day moving average price is GBX 4,130.71 and its two-hundred day moving average price is GBX 3,889.18. The company has a market cap of £39.22 billion, a P/E ratio of 10.25, a P/E/G ratio of -0.35 and a beta of 1.01. The company has a current ratio of 3.25, a quick ratio of 0.09 and a debt-to-equity ratio of 6.20.

3i Group (LON:III) last released its earnings results on Thursday, May 15th. The company reported GBX 522 ($7.03) earnings per share for the quarter. 3i Group had a net margin of 96.45% and a return on equity of 19.97%. As a group, sell-side analysts expect that 3i Group will post 622.7106227 earnings per share for the current year.

Insider Transactions at 3i Group

In related news, insider Jasi Halai sold 6,387 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of GBX 4,057 ($54.63), for a total transaction of £259,120.59 ($348,936.96). Also, insider James Hatchley sold 15,918 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of GBX 4,057 ($54.63), for a total transaction of £645,793.26 ($869,638.11). Insiders own 3.02% of the company’s stock.

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.