3i Group (LON:III) Sets New 12-Month High on Analyst Upgrade

3i Group (LON:III) shares hit a new 52-week high on Friday after UBS Group upgraded the stock to a buy rating. UBS Group now has a GBX 4,700 price target on the stock, up from their previous price target of GBX 4,450. 3i Group traded as high as GBX 4,426 ($59.67) and last traded at GBX 4,330 ($58.37), with a volume of 4010506 shares trading hands. The stock had previously closed at GBX 4,310 ($58.10).

III has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of 3i Group from GBX 4,500 to GBX 4,600 and gave the company a “buy” rating in a research report on Thursday, September 25th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of 3i Group in a research report on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of GBX 4,716.67.

3i Group Stock Performance

The stock’s 50-day moving average price is GBX 4,016.40 and its 200 day moving average price is GBX 4,035.13. The company has a market cap of £41.80 billion, a P/E ratio of 831.73, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. The company has a quick ratio of 0.09, a current ratio of 3.25 and a debt-to-equity ratio of 6.20.

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.