3i Group (OTCMKTS:TGOPY) Shares Down 1.7% – What’s Next?

3i Group plc – Unsponsored ADR (OTCMKTS:TGOPY)’s share price dropped 1.7% during trading on Tuesday . The company traded as low as $12.99 and last traded at $13.00. Approximately 277,500 shares traded hands during trading, an increase of 1% from the average daily volume of 275,947 shares. The stock had previously closed at $13.23.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised 3i Group to a “hold” rating in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

3i Group Stock Down 1.7%

The stock has a 50 day simple moving average of $20.45 and a two-hundred day simple moving average of $24.67.

3i Group Company Profile

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.