3i Group’s (III) Buy Rating Reiterated at Citigroup

Citigroup reissued their buy rating on shares of 3i Group (LON:III) in a research report released on Friday morning, Marketbeat Ratings reports. Citigroup currently has a GBX 4,800 price target on the stock.

Several other research analysts have also recently commented on the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of 3i Group in a research note on Friday, July 25th. Deutsche Bank Aktiengesellschaft lifted their price objective on 3i Group from GBX 4,500 to GBX 4,600 and gave the stock a “buy” rating in a report on Thursday, September 25th. Finally, UBS Group reiterated a “buy” rating and set a GBX 4,700 target price on shares of 3i Group in a research note on Friday, November 7th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of GBX 4,600.

3i Group Price Performance

Shares of III stock opened at GBX 3,317.28 on Friday. The firm has a fifty day simple moving average of GBX 4,144.45 and a 200-day simple moving average of GBX 4,127.94. The company has a market capitalization of £32.69 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of -0.35 and a beta of 1.01. 3i Group has a twelve month low of GBX 330.40 and a twelve month high of GBX 4,497. 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 quarterly earnings results on Thursday, November 13th. The company reported GBX 340.20 earnings per share (EPS) for the quarter. 3i Group had a net margin of 96.45% and a return on equity of 19.97%. Equities research analysts anticipate that 3i Group will post 622.7106227 earnings per share for the current fiscal year.

Insider Activity

In other 3i Group news, insider Simon Borrows acquired 30,000 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was acquired at an average price of GBX 3,367 per share, with a total value of £1,010,100. Also, insider Peter McKellar acquired 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 14th. The shares were acquired at an average price of GBX 3,345 per share, for a total transaction of £133,800. Insiders bought a total of 34,007 shares of company stock valued at $114,419,647 over the last ninety days. Company insiders own 2.14% of the company’s stock.

3i Group Company Profile

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.